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In this video tutorial, Lisa demonstrates how to create a calculated field in a query using the Rossi database as an example. In Step 14, you are instructed to create a calculated field named "net donation" by subtracting $8.75 from the donation value. To do this, open the query, go to the next blank field, right-click in the cell, and select "build" from the menu that appears. This will bring up a new window where you can enter the calculation. Avoid typing directly into the cell to ensure accuracy.