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welcome to excel business math series number 41 if you want to download this workbook and follow along click on my YouTube channel and click on my College website link and you can download the workbook 135 chapter 5 if youre in the class just go to our chapter 5 website and weve got to talk about deductions and in particular the complication that comes when we have payroll deductions with ceilings hey heres a list of some possible deductions we could have federal income tax withholding state income tax FICA tax hey that includes Social Security and Medicare purchase a few s saving bonds and all sorts of other deductions so what this means is if you have a gross earnings of five hundred dollars for the week you perhaps have a few of these deductions so you dont take out home five hundred you take home four hundred lets go to our next sheet tab gross and net we have gross pay of that amount and one two taxes and a pension deduction lets first add up our total deductions Im going t