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To calculate a bonus in Microsoft Excel, start by establishing a clear formula based on performance metrics or company policy. Typical steps include setting up a spreadsheet with employee data, such as name, salary, and performance rating. Use conditional formulas, such as IF statements, to determine eligibility and bonus amount. For example, you might set a condition where employees with a performance rating above a certain threshold receive a specific percentage of their salary as a bonus. Ensure all calculations are accurate by utilizing Excel's functions like SUM, AVERAGE, or specific calculations tailored to your bonus structure. Finally, review results for consistency and accuracy before finalizing the bonus distribution.
