That’s not to say that you can’t process your own payroll and calculate your own overtime. You certainly can. And for smaller businesses with fewer employees, that might make good business sense. It all depends on your situation. To help you decide if the DIY-route is right for you,...
Use the EFFECT Worksheet Function Because of semiannual compounding, you must repeat the EFFECT function twice to calculate the semiannual compounding periods. In the following example, the result of the nested function is multiplied by 3 to spread out (annualize)...
Feel like you’re paying too much or not enough in federal taxes? Here’s how to calculate and adjust your tax withholding.
Payback period is used not only in financial industries, but also by businesses to calculate the rate of return on any new asset or technology upgrade. For example, a small business owner could calculate the payback period of installing solar panels to determine if they’re a cost-effective op...
Step 2: Calculate Sub-Period Returns For each subperiod, you'll need to do the following for each, separately: Calculate beginning value (BV) Add any deposits or subtract any withdrawals Note the ending value (EV) Use formula: (EV - BV)/BV ...
First, gather all the documentation you need to calculate the federal income tax withholding amount. You will need the following: Your employees’ W-4 forms Each employee’sgross payfor the pay period TheIRS income tax withholding tables(IRS Publication 15-T) andtax calculatorfor the current yea...
How to Calculate Churn Rate The churn rate formula is relatively simple and can give you great insights into how well you’re keeping your customers around. Let’s learn how to calculate churn rate: Pick a Time Frame:Start by deciding on a time period to examine—this could be a month,...
A popular alternative is to calculate the lifetime value based on margins to arrive at gross figures. This is often done by figuring out the average margin on products and adjusting the order totals appropriately. This provides a more accurate lifetime value in relation to profits. How to ...
Amortization is an accounting technique used to periodically lower the book value of a loan or intangible asset over a set period of time.
For example, if it takes you 3 hours to complete a project that is normally done in 2 hours, your rate of work would be: work done/time taken = 2 hours/3 hours = 0.66 hour. To calculate how long it will take you to complete a task at this rate, use the formula: time = amount...