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In this Microsoft Word tutorial, the speaker demonstrates how to use formulas for basic calculations within Word, similar to Excel. The tutorial highlights the process of adding up numbers in tables, such as those found in invoices or accountancy documents. Viewers learn how to create totals at the beginning of rows, at the end of rows, and at the bottom of columns. The speaker shows that by clicking on a cell, navigating to the layout option, and selecting "formula," a dialog box will appear. Word automatically suggests summing the numbers to the left of the selected cell, facilitating straightforward calculations within the document.