Microsoft Office 2021
I have MacMini with OS Monterey. Will MS Office 2021 work on that?
Mac mini 2018 or later
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Yes.
Also see the following from the "Office 2021 suites" section of https://www.microsoft.com/en-us/microsoft-365/microsoft-365-and-office-resources?ms.url=m365cominformation&rtc=1#coreui-heading-1hdaxqh
macOS: Office for Mac is supported on the three most recent versions of macOS. As new major versions of macOS are made generally available, Microsoft will drop support for the oldest version and support the newest and previous two versions of macOS. Product functionality and feature availability may vary on older systems. For the best experience, use the latest version of any operating system specified above.