How to Compute Annual Gross Pay in Excel. Annual gross pay is the amount of money an employee earns per year before deductions like state and federal taxes, 401 (k) savings or health insurance ...

Microsoft Excel can be set up to calculate the correct amount of Social Security tax and deduct it from your gross pay or your employees' gross pay.

If you have a recent pay stub, you can use Microsoft Excel to calculate your annual salary, as well as estimate how much a raise will affect your paychecks.