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In this tutorial, Steve from ExcelDashboardTemplates.com introduces how to create a calculated field in a pivot table. He encourages viewers to visit his blog for the latest Excel tips and tricks. He demonstrates using a sales data table and explains that clicking on the pivot table reveals contextual ribbons, including "Pivot Table Tools Analyze." Under "Calculations," he selects "Fields, Items, and Sets," then chooses "Calculated Field." He names the new field "Commission," explaining that it will represent a 5% commission on sales. This feature enables users to enhance their pivot tables and utilize the calculated field in pivot charts and other applications.