CALCULATE YOUR NET INCOME USING MICROSOFT EXCEL

People often talk about their gross income. To calculate net income, it is necessary to consider the tax percentage using the following calculation.

To calculate net income:

1. Select cell B1 and enter the tax as a percentage: 33%.
2. In cell B2, enter the gross income: $3500.
3. Select cell B3 and type the formula =B2*B1 to calculate the tax amount.
4. Determine the net income in cell B4 with the formula =B2-B3.

CALCULATE YOUR NET INCOME USING MICROSOFT EXCEL

Note: The amounts in cells B1 and B2 can be changed.

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