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I am currently taking an Excel 2013 – Level 1 class and I do not understand one of the questions. The question reads “In cell E5, calculate the amount of deduction by inserting a VLOOKUP function without using and exact match. The deduction table is in the range A16:B28. Use absolute cell reference where needed. Copy the formula to cells E6:E9.”When I start doing this problem, I open the VLOOKUP formula and I do not know what I am supposed to plug in for the formula.I have attached the excel document where I am working in. This question is pertaining to the payroll sheet.Final Project
Author
Date
Yolanda Wittmus
7/18/2016
Green Lawns Payroll
Monday, July 18, 2016
Employee
David Post
Jonathon Gomez
Sandra Lee
Gregory Stone
Betty Woods
Num Employees
Hours Worked
40
30
25
40
15
Income
\$
\$
\$
\$
\$
\$
\$
\$
\$
\$
\$
\$
Deductions
\$
\$
\$
\$
\$
\$
\$
\$
\$
\$
\$
\$
100.00
200.00
300.00
400.00
500.00
600.00
700.00
800.00
900.00
1,000.00
1,100.00
1,200.00
Hourly Rate
\$
15.34
\$
23.80
\$
22.06
\$
31.50
\$
27.88
Total
Average
Maximum
Minimum
10.00
21.00
33.00
46.00
60.00
75.00
91.00
108.00
126.00
145.00
165.00
181.00
Gross Pay
Deductions Net Pay
\$
613.60
\$
714.00
\$
551.50
\$
1,260.00
\$
418.20
\$
3,557.30
\$
711.46
\$
1,260.00
\$
418.20
Loan Calculation
Yolanda Wittmus
Home Loan Calculations
Maximum Affordable Monthly
Payment
Mortgage
Eason Financial Services
100 Forward Drive
Meridian, ID 83642
\$1,000
4.75%
12 times per year
Annual Interest Rate
Compounded
\$80,000
\$90,000
\$100,000
\$110,000
\$120,000
\$130,000
\$140,000
\$150,000
\$160,000
\$170,000
\$180,000
7/18/2016
10
\$3,814.55
\$4,291.37
\$4,768.19
\$5,245.01
\$5,721.83
\$6,198.65
\$6,675.47
\$7,152.29
\$7,629.11
\$8,105.93
\$8,582.74
15
\$3,800.90
\$4,276.01
\$4,751.12
\$5,226.23
\$5,701.34
\$6,176.46
\$6,651.57
\$7,126.68
\$7,601.79
\$8,076.90
\$8,552.02
Years
20
\$3,800.06
\$4,275.06
\$4,750.07
\$5,225.08
\$5,700.08
\$6,175.09
\$6,650.10
\$7,125.10
\$7,600.11
\$8,075.12
\$8,550.12
25
\$3,800.00
\$4,275.00
\$4,750.00
\$5,225.00
\$5,700.01
\$6,175.01
\$6,650.01
\$7,125.01
\$7,600.01
\$8,075.01
\$8,550.01
30
\$3,800.00
\$4,275.00
\$4,750.00
\$5,225.00
\$5,700.00
\$6,175.00
\$6,650.00
\$7,125.00
\$7,600.00
\$8,075.00
\$8,550.00
Cost to Rent Office Space
2014
1st Qtr
2nd Qtr
3rd Qtr
4th Qtr
Rent
700
700
700
800
Water
75
100
150
100
Electricty
130
175
200
125
Phone
150
150
175
180
Internet
90
90
90
100

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