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Creating your own Excel payroll template

Starting from scratch and without even a template, this guy shows you how to complete your payroll using just a spreadsheet.

Looking for downloadable templates? They're over on the left-hand column at the bottom

Example of a paycheck stub

The best example of a paycheck stub is one that you have received recently. Because payroll varies so much by location, if you have a paycheck stub that you or one of your friends have received in the last month or two, use that. Searching online for examples might actually hurt you a lot more than it could help. You could end up downloading an example from some place completely different from where you work.

What are the average taxes taken out of a paycheck?

Although there are a lot of variables, the biggest variable is the amount of money you make each pay period. The more you make, the more taxes that are taken out. The rate varies from year-to-year, though. It could also vary depending on the type of work that you do. Some things are unlikely to change. If you make minimum wage, odds are that you will owe no Federal income tax. You should receive most all of your gross pay.

average breakdown pie chart of a paycheck, using days worked

Is the percentage of taxes fixed?

No. In the United States the percentage of tax varies according to income, marital status, number of dependents, and several other things. While in general you pay more as you make more, this is not always true. Sometimes it works the other way. The system is so complex it's almost impossible to give a simple answer to this question.