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Today, we will discuss How to create an Employee Worksheet by using Employee Pay sheet formulas in Microsoft Excel . The following formulas will be used in Employee Pay sheet: Q: Prepare a worksheet according to the following instructions: Create a worksheet in MS Excel according to the requirements Enter sample data of employees in a college Apply formula to calculate Medical Allowance @ 40 % of Basic Pay Apply formula to calculate Conveyance Allowance @ 30 % of Basic Pay Apply formula to calculate House Rent @ 50 % of Basic Pay Add a column of Income Tax @ 7 % of Basic Pay Apply formula to calculate Net Pay = Medical Allowance + Conveyance Allowance + House Rent - Income Tax Image for Employee Pay sheet Formulas in Microsoft Excel Software  Solution:How to Create Employee Pay Sheet in Excel With Formulas Create a new workbook in MS Excel and save as with the name Employee Pay sheet Formulas. Enter sample data for at least three employees. Enter formula f...