Learn how to calculate FICA payroll deductions for Social Security and Medicare using Excel's MEDIAN function in this comprehensive tutorial. Explore the intricacies of tax calculations, including situations with changing tax rates and hurdles. Master the process of computing deductions and net pay through hands-on examples and a detailed payroll employee table. Gain valuable insights into Excel formulas and business math concepts applicable to real-world payroll scenarios. Download accompanying materials to follow along and reinforce your understanding of these essential payroll calculation techniques.
Excel & Business Math - MEDIAN Function for FICA Social Security & Medicare Payroll Deductions
ExcelIsFun via YouTube
Overview
Syllabus
) Introduction.
) FICA Payroll Social Security & Medicare Tax Deductions.
) Calculating FICA Deductions and Net Pay Long Hand, all three situations.
) Learning How to Make a Tax Calculation When There is a Hurdle That Changes The Tax Rate.
) Using MEDIAN Function to Deal With Tax Hurdles.
) Payroll Employee Table Example for Tax Deductions and Net Pay.
) Summary.
Taught by
ExcelIsFun
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Reviews
4.7 rating, based on 3 Class Central reviews
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Abhijeet DesaiShort, Quick and Easy to Understand.
US Payroll Deductions, FICA 7.45% (SST - 6.2% & Medicare 1.45%) Tax Brackets and Pre-Tax deductions. -
Chris Thomas BijuIt was an great class I have ever seen. Easy understandable to everyone. One negative thing that I saw is that the length of the videos is long. Please covert into short, it will be easy for everyone -
Good presentation conceptually very clear , The quality of classes are awesome , Without any hassle go for it.
