Comprehensive Excel Payroll Example - SUMIFS, MROUND, MOD, VLOOKUP & More

Comprehensive Excel Payroll Example - SUMIFS, MROUND, MOD, VLOOKUP & More

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) Formula for: Taxable Pay, using the Function: MAX

14 of 18

14 of 18

) Formula for: Taxable Pay, using the Function: MAX

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Comprehensive Excel Payroll Example - SUMIFS, MROUND, MOD, VLOOKUP & More

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  1. 1 ) Introduction
  2. 2 ) Formula for: Hours Worked, using the Functions: SUM, MOD, MROUND
  3. 3 ) Formula for: Total Hours, using the Function: SUMIFS
  4. 4 ) Formula for: Regular Hours, using the Function: IF
  5. 5 ) Formula for: Overtime Hours
  6. 6 ) Formula for: Regular Gross Pay, using the Function: ROUND
  7. 7 ) Formula for: Overtime Gross Pay, using the Functions: ROUND
  8. 8 ) Formula for: Total Gross Pay, using the Functions: SUM
  9. 9 ) Hide Columns
  10. 10 ) Formula for: Cumulative Gross Pay After This Paycheck
  11. 11 ) Formula for: Social Security Deduction, using the Functions: MEDIAN, ROUND
  12. 12 ) Formula for: Medicare Deduction @ 1.45%, using the Functions: MEDIAN, ROUND
  13. 13 ) Formula for: Medicare Deduction @ 2.35%, using the Functions: MEDIAN, ROUND
  14. 14 ) Formula for: Taxable Pay, using the Function: MAX
  15. 15 ) Formula for: Federal Income Tax Withholding, using the Functions: VLOOKUP, ROUND
  16. 16 ) Formula for: Total Deductions
  17. 17 ) Formula for: Net Pay
  18. 18 ) Summary

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