Easily Insert Calculations into the Bonus Program

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How to Insert Calculations into the Bonus Program

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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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How do you enter a bonus on payroll?

You can include the bonus with regular wages or pay it separately. If you put the bonus on an employees regular paycheck, you withhold taxes based on the total amount. Conversely, you can pay a stand-alone bonus and withhold the 22% supplemental rate.

How to calculate signing bonus?

A sign-on bonus is generally calculated as a percentage of the base salary, and can range from five to 20 percent of the starting salary offer. It can be paid all at once or in installments and is fully taxable as regular income.

What is the formula to calculate bonus in Excel?

The formula =IF(F220000,0.02*F2,0) can be thought of in these words, If the revenue in F2 is greater than 20,000 then 2% of F2, otherwise 0. An IF function calculates the bonus.

How do you calculate bonus plan?

Statutory bonus = Salary * Percentage of bonus wage For example, lets say an employee draws ₹15,000 per month and the basic pay is ₹7500. The minimum wage in the employees state is ₹6000. Since the Basic + DA is more than the minimum wage, the basic pay will be taken into consideration upto Rs.

How do I add a bonus to my salary in Excel?

7 Ways to Calculate Bonus on Salary in Excel =IF(C5=$G$9,$H$9,IF(C5=$G$8,$H$8,IF(C5=$G$7,$H$7,IF(C5=$G$6,$H$6,IF(C5=$G$5,$H$5,0))))) =IFS(C5=$G$9,$H$9,C5=$G$8,$H$8,C5=$G$7,$H$7,C5=$G$6,$H$6,C5=$G$5,$H$5) =VLOOKUP(C5,$G$5:$H$9,2, TRUE) =LOOKUP(C5,$G$5:$G$9,$H$5:$H$9) =MAX((C5-$G$4)*$G$5,0)

What is the formula bonus?

Formula Bonus means the amount to be paid depending upon any increase or decrease the Companys earnings per share (adjusted to exclude compensation payable to Executive) for the preceding twelve month period.

What is the formula for bonus in Excel?

The formula =IF(F220000,0.02*F2,0) can be thought of in these words, If the revenue in F2 is greater than 20,000 then 2% of F2, otherwise 0. An IF function calculates the bonus.

What is the formula for bonus in sales?

Multiply total sales by total bonus percentage. With total sales and total percentage identified, multiply the two values together.

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