33. Calculate your net income
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.
Note: The amounts in cells B1 and B2 can be changed.
Watch the Video Tutorial - https://www.youtube.com/watch?v=u9L8ean6qK8
Hope You Like This Tutorial - Give Comments
ReplyDeleteEven in the most recent bear markets of 2000 and 2008, my overall dividend income went up. Yes,
I had stocks that cut their dividends and stocks that kept their dividends flat. Example of flat
dividends was the banks. However, other stocks increased their dividends. Over all my dividend
income went up. For example in 2009 my dividends increased by 14.9% and in 2010 my dividends increased
by 5.3% and in 2011 my dividends increased by 9.2%.
The value of my portfolio was a different matter and was quite volatile.
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