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Yes.
The multithread Passmark score on that CPU is 13254.
That's many times what you really need for the work you're describing above. There are a lot of games it could play pretty easily and games are far more demanding than a Zoom call.
The 7000 series Latitudes are actually OK machines for the most part. Once in a while Dell will have a model with a problem, but not enough to really worry about. As far as storage goes, spreadsheets and the like do not take a lot of room. If you want to lug around a lot of media files, like movies and TV shows then you will run out pretty quickly. Otherwise I wouldn't worry about it.
For my personal systems and those for my family I usually pick up older Dell laptops/towers and refurb them myself. I usually get several more years out of them. The system I'm typing this on is a Dell Precision 7550 that I rebuilt a year ago. Its predecessor was a Precision 7540 that my youngest uses to run games on and do his homework. My 7550 runs Battlefront II and BSG Deadlock easily.