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YouTube

Excel and Business Math - VLOOKUP and MAX Functions for Percentage Method Federal Income Tax Deduction

ExcelIsFun via YouTube

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Overview

Learn to use VLOOKUP and MAX functions in Excel to calculate Federal Income Tax Withholding deductions in this 30-minute video tutorial. Explore the 2018 Percentage Method Tax Tables and apply them to various scenarios, including single and married status with weekly pay periods. Practice calculating deductions by hand and with Excel formulas for individual cases and entire payroll tables. Utilize the Formula Evaluator to verify VLOOKUP accuracy and discover how to efficiently copy formulas to new templates. Gain practical skills for managing payroll calculations in Excel, taught by Michael Girvin from Highline College.

Syllabus

) Introduction.
) Federal Income Tax Withholdings Deducted from Employees Paychecks.
) IRS web site with 2018 Percentage Method Tax Tables..
) 2018 Percentage Method Federal Income Tax Withholding Tables in Excel.
) Video Example 1: Calculate Federal Income Tax Withholdings for Marital Status “Single” and Pay Period Weekly. Calculations made by Hand and with MAX and VLOOKUP..
) Use Formula Evaluator to verify that VLOOKUP Formula is working correctly.
) Video Example 2: Calculate Federal Income Tax Withholdings for Marital Status “Married” and Pay Period Weekly. Calculations made by Hand and with MAX and VLOOKUP..
) Video Example 3: Calculate Federal Income Tax Withholdings for Marital Status “Single” and Pay Period Weekly for an Entire Payroll Table. Calculations made with MAX and VLOOKUP..
) Video Example 4: Calculate Federal Income Tax Withholdings for Marital Status “Married” and Pay Period Weekly for an Entire Payroll Table. Calculations made with MAX and VLOOKUP. See how to copy a Whole Table for formulas to a new template..
) Summary.

Taught by

ExcelIsFun

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