You Can Quickly Add Simple Borders Using the Borders Button

question 38

Short Answer

You can quickly add simple borders using the Borders button in the ____________________ group on the HOME tab.

Calculate net and gross pay including overtime, deductions, and withholdings.

Distinguish between current liabilities and long-term debt on balance sheets.

Understand how the social security and Medicare tax rates affect both employees' take-home pay and employers' payroll expenses.

Record the conversion of accounts payable to notes payable through journal entries.

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Definitions:

Excel

A spreadsheet program created by Microsoft that allows users to organize, format, and calculate data with formulas using a system of cells arranged in rows and columns.

Calculation

The process of determining a result numerically, often involving mathematical operations and formulas.

Present Value Factor

A multiplier used to determine the present value of a future cash flow, considering the time value of money.

Interest Rate

The percentage of a sum of money charged for its use, often expressed annually.