Time is a crucial resource that each company treasures and tries to transform in a advantage. When choosing document management software, take note of a clutterless and user-friendly interface that empowers consumers. DocHub offers cutting-edge instruments to optimize your file management and transforms your PDF editing into a matter of a single click. Replace Formulas to the Payroll Deduction Authorization with DocHub in order to save a lot of time and boost your productiveness.
Make PDF editing an simple and intuitive operation that will save you a lot of valuable time. Effortlessly modify your files and give them for signing without having switching to third-party alternatives. Give attention to pertinent tasks and increase your file management with DocHub starting today.
Welcome to Excel and Business Math, video number 34. Hey, in this video we got to see the amazing function, MEDIAN, for calculating FICA Social Security, and Medicare payroll deductions. Now our topics. Were definitely going to have to talk about what is the FICA, payroll, Social Security, and Medicare tax deductions. Talk about calculating both of those deductions and net pay longhand. Then well learn how to make a tax calculation when theres a hurdle. And what a hurdle means, is that below some amount the tax rate is one number, and above some amount the tax rate is a different hurdle. And then well see how to use the MEDIAN function to deal with tax hurdles. And what that means, is that we will be able to replace this long IF-- and notice thats a double IF-- to calculate the correct amount of taxes to use for our calculation. Well replace this with a much simpler MEDIAN function solution. And then, the last example, well have a payroll employee table example, where we do our