Social Security tax must be deducted from each employee's paycheck until he reaches the maximum contribution amount for the year. Employers must also pay an additional amount of Social Security tax on ...

Reviewed by Charlene Rhinehart Fact checked by Vikki Velasquez Businesses depreciate long-term assets for both tax and accounting purposes. For tax purposes, businesses can deduct the cost of the ...

Later, we'll add an IF() function that returns a subtotal for each day. How to calculate conditional subtotals in an Excel revenue sheet Your email has been sent Subtotals are common in a lot of Excel ...

Q. I was excited to see the article about ways to calculate depreciation in Excel, especially when I saw one of them was double-declining balance (DDB). As tax professionals, we’re always trying to ...