How To Write Minus Sign In Excel

Social Security tax charge be deducted from anniversary employee’s paycheck until he alcove the best addition bulk for the year. Administration charge additionally pay an added bulk of Social Security tax on account of anniversary employee. If you are self-employed, you charge pay both the employer and agent allocation as allotment of your self-employment tax. Usually, the employer allocation and the agent allocation are affected at the aforementioned rate. However, the 2011 tax bulk is 4.2 percent for employees, 6.2 percent for administration and 10.4 percent for self-employed people, according to the Social Security Administration. The agent tax bulk will acknowledgment to 6.2 percent in 2012 unless there are added changes to the law. The best balance abject on which Social Security tax charge be paid in 2011 is $106,800. Microsoft Excel can be set up to account the actual bulk of Social Security tax and abstract it from your gross pay or your employees’ gross pay.

Open a new Excel spreadsheet and architecture the cells, rows or columns. If you appetite a dollar assurance to show, bang on the applicative cell, row number, cavalcade letter or the high larboard bend for the accomplished spreadsheet. Bang on the “Format” tab and baddest “Cells.” Baddest “Currency” from the class box, baddest the cardinal of decimal places you appetite to affectation and baddest how you appetite abrogating numbers to show. Bang “OK.”

Enter the gross pay bulk in a cell. For example, if your gross pay is $2,500, access “2500” in corpuscle A1.

Enter a blueprint in the abutting corpuscle to account the actual bulk of Social Security tax. For example, for the 2011 agent Social Security deduction, access “=A1*.042” in corpuscle B1. You could additionally access the blueprint in corpuscle A2 if you adopt the adding to booty abode beneath the gross pay, rather than beside it. The according assurance tells Excel that you are entering a formula, and the asterisk tells it to multiply. The corpuscle area afore the asterisk is the aboriginal factor, and the cardinal afterwards the asterisk, which is the Social Security rate, is the added agency that will be multiplied.

Enter a blueprint in the abutting corpuscle to abstract the Social Security tax from the gross pay. For example, in corpuscle C1 access “=A1-B1.” Or if you entered the antecedent blueprint in corpuscle A2, again access “=A1-A2” in corpuscle A3. Again, the according assurance informs Excel that you are entering a formula. The bare assurance tells Excel to subtract, and the two corpuscle references acquaint it which corpuscle to decrease from which cell.

Check your acknowledgment to verify that it is correct. In the archetype of $2,500 gross pay, with a Social Security bulk of 4.2 percent, the Social Security tax should appearance as $105, and the final adding should appearance $2,395 as the difference.

Copy the formulas to added beef if you charge to do added calculations. Baddest the corpuscle with the blueprint you appetite to copy, accept the “Edit” tab and baddest “Copy.” Highlight the corpuscle or beef to which you appetite to archetype the formula, baddest the “Edit” tab and accept “Paste.” The blueprint will acclimatize in anniversary row or cavalcade to the adapted corpuscle references. For example, if you are application beef A1 through C1 and you archetype the blueprint from corpuscle B1 to corpuscle B2, Excel will automatically change the blueprint in corpuscle B2 to “=A2*.042.”

References

Writer Bio

Diane Scott started autograph professionally in 2009 and has had accessories appear at Type-A Parent and added websites. She has all-encompassing business and accounting experience. Scott holds a Bachelor of Science in attitude from Brigham Young University.

How To Write Minus Sign In Excel – How To Write Minus Sign In Excel
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