Easily Insert Calculations from the Christmas Bonus Letter

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How to Insert Calculations from the Christmas Bonus Letter

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welcome to this video which is a continuation of exercise 1 sales analysis this time we want to calculate the bonus that will be awarded to each salesperson based on their performance for the month of July 2 to 2 December 2018 so you can see the rules for giving out the bonus down here if the salesperson earn 50,000 or more the bonus is 3,200 if the salesperson earned between 35,000 and 50,000 then he gets 1600 and if the salesperson earned between 20,000 and 35,000 he gets 800 and if his revenue is below 20,000 he doesnt get a bonus so lets do it step by step here were going to use a function called if I F and if is a function that can be used if you have two or more possible results in a formula which we have right here because we have actually four possible results okay so lets get started here for the bonus for Avery equal if okay and the open parenthesis so the bonus depends on the value in h4 so if h4 now first lets check if he earned above 50,000 so if h4 creator then we ha

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What is an example of a Christmas bonus?

Examples of Christmas bonuses The first and, perhaps, most common form of Christmas bonus is extra pay or compensation. Especially around the holidays, employees may greatly appreciate an additional sum to balance out extra holiday expenses.

How do you calculate someones bonus?

Multiply total sales by total bonus percentage. For example, you make $10,000 in sales, and your company offers you a 5% commission. $10,000 x .05 = $500. One employee makes $50,000 per year, and the bonus percentage is 3%. $50,000 x .03 = $1,500.

How do you calculate Christmas bonus?

Employers usually base holiday bonuses on a percentage of your salary. They usually range from 5-10% of your years earnings. For example, if your salary is $50,000 a year, your holiday bonus can vary from $2,500 to $5,000.

How do I calculate my bonus?

Multiply total sales by total bonus percentage. For example, you make $10,000 in sales, and your company offers you a 5% commission. $10,000 x .05 = $500. One employee makes $50,000 per year, and the bonus percentage is 3%. $50,000 x .03 = $1,500.

What percentage is a Christmas bonus taxed?

Bonuses are generally taxed at a flat rate of 22% when the percentage withholding method is applied. Employers can use one of two methods to withhold taxes on a bonus: percentage or aggregate. Bonuses are considered supplemental wages. Tax withholding on a bonus can have an effect on overall tax liability.

What do you write in a Christmas bonus letter?

How to write a bonus letter Address the letter. In the beginning of the letter, label and address it like you start any correspondence with your team. Announce the bonus. After you address your recipient, try to immediately explain why youre writing them a letter. Give details. Congratulate them. End the letter.

How do Christmas bonuses usually work?

A Christmas bonus is an extra payment that employers give to employees around the holidays. The bonus is usually a percentage of the employees salary, and it is given in addition to the employees regular pay. Christmas bonuses are not required by law, but they are a common practice in many businesses.

How are holiday bonuses calculated?

As mentioned, 5% of an employees annual salary is the average amount awarded in a holiday bonus. However, the percentage may vary by company and by role. Generally, middle and senior managers see an end-of-year bonus of around 10-20% of their salary, and supervisors see around 10-15%, ing to Salary.com.

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