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Insert Formulas in the Employee Pay Stub

Insert Formulas in the Employee Pay Stub

Aug 6th, 2022

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How to Insert Formulas in the Employee Pay Stub

4.6 out of 5

63 votes

hey guys its Adrian here the Canadian in a T-shirt and today Ill be showing my pay stub and breaking down how to read a pay stub in Canada for 2023. with the New Year were already seeing tax changes in Canada so Ill be breaking down all of the payroll deductions that come out of your paycheck like income tax CPP employment insurance and taxable benefits I always say its not about how much money you make its about how much money you keep and its so important to understand where your money is going this video is especially helpful for new Canadians students and people new to the workforce but even if youve been working here for 20 years you might not understand all of the numbers and deductions in your paycheck so thats what this video is for Ill be showing you guys my actual pay stubs both from my Corporation where I pay myself a salary and from past employers Ill start with the first pay stub of the new year it will be a simple example highlight

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

How to do employee payroll in Excel?

9 Steps to complete payroll in Excel Open Microsoft Excel. Yes, were starting from the very beginning. Save the Files. Setting Up Payroll Management Parameters. Data Input. Calculation of Gross Pay. Determine Income Tax. Check and Calculate Deductions. Determine Net Salary.

What is the formula for gross pay in Excel?

Type the formula =a2*b2 in cell C2. This formula multiplies the employees hourly rate by the number hours the employee worked per week. Change the number format of the cell to currency.

What is the formula used in payroll?

Formula for calculating payroll Gross Salary = Basic salary + HRA + DA + Allowances + One-time payment/incentive (Reimbursements, Arrears, Bonus, etc.)

How do you use if formula for salary in Excel?

Click cell E2 and type =IF(D240,40,D2). Press the Enter key. This formula instructs Excel to display only the employees regular hours.

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