Hello all

How do I write a formula that will do the following - If taxable income is:

$0-$6000, tax is nil.

$6,001 - $21,600, tax is 17c for each $1over $6,000.

$21,6001 - $58,000, tax is $2,652 plus 30c for each $1over $21,6000.

$58,001 - $70,000, tax is $13,572 plus 42c for each $1over $58,000.

Over $70,001, tax is $18,612 plus 47c for each $1 over $70,000.

So, if I work on $69,6000 as taxable income,....Help!

Hi there

Here you go!

NOTE:

1) Cell A8 mentioned here can be changed according to the cell where you want the input.

2) Change the Cell Formatting of the input and output cell to Currency so that you can see the $ symbol.

=IF((A8<=6000),0,IF(AND(A8>=6001,A8<=216000),(((A8-6001)*17)/100),IF(AND(A8>=216001,A8<=58000),((((A8-216001)*30)/100)+2652),IF(AND(A8>=58001,A8<=70000),((((A8-58001)*42)/100)+13572),IF(A8>=70001,((((A8-70001)*47)/100)+18612))))))

Please let me know if you have any more queries

All the Best.

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Posted on Feb 22, 2008

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Posted on Jan 02, 2017

=IF((A1*7.5%) > 300, 300, A1*7.5%)

- IF Sales Amount * Tax Rate is greate than $300 then make it $300 no matter what the value is.
- IF Sales Amount * Tax Rate is less than $300 then make it the value of Sales Amount * Tax Rate.

Sep 29, 2015 | Microsoft Office Excel 2003 for PC

I assume that you are creating a pro-forma for others to use. Very simply, you could offer a cell that asks the user to nominate the applicable tax rate for their tax jurisdiction, or, if you know (or assume the value), place that into a cell then multiply the taxable amount by 1+the tax rate, ie I buy shoes for $4 and have a 10% tax rate. Multiply the price of the shoe by 1.04 and you have the final price, inclusive of taxes.

Usually all fees and charges are applied before the taxes are calculated., but check your local tax rules because some government levied charges may not be taxable.

Usually all fees and charges are applied before the taxes are calculated., but check your local tax rules because some government levied charges may not be taxable.

Aug 31, 2014 | Microsoft Excel for PC

Formulas are used to specify calculations based on values in designated cells. Excel supports basic calculations as well as statistical, trigonometric and other specialized functions.

Formulas used in Excel must follow a certain syntax.

- All formulas begin with an equals sign
**(=)**. - Some formulas use operands such as
**+,-, *,/**for addition, subtraction, multiplication or division.

For example, the formula =A1+A2+A3 would add the contents of cells A1, A2 and A3. - Other formulas refer to different functions such as SUM, AVERAGE and others.

For example, the formula =SUM(A1:A3) would add the contents for the range A1 through A3. - Formulas can be
**combined with operands.**

For example, the formula =10*SUM(A1:A3) would add the contents cells A1 through A3 and multiply them by 10. - Functions can
**be nested within each other.**

For example, the formula =SQRT(10*SUM(A1:A3)) would take the square root of ten times the sum of cells A1 through A3. When functions are nested, it is important that the number of left parentheses match the number of right parentheses.

Aug 19, 2011 | Microsoft EXCEL 2004 for Mac

The IRR function is provided by Excel so you can calculate an
internal rate of return for a series of values. The IRR is the interest
rate accrued on an investment
consisting of payments and income that occur at the same regular
periods. In the values provided to the function, you enter payments you
make as negative values and income you receive as positive values.

For instance, let's say you are investing in your daughter's business, and she will make payments back to you annually over the course of four years. You are planning to invest $50,000, and you expect to receive $10,000 in the first year, $17,500 in the second year, $25,000 in the third, and $30,000 in the fourth.

Since the $50,000 is money you are paying out, it is entered in Excel as a negative value. The other values are entered as positive values. For instance, you could enter –50000 in cell D4, 10000 in cell D5, 17500 in cell D6, 25000 in cell D7, and 30000 in cell D8. To calculate the internal rate of return, you would use the following formula:

=IRR(D4:D8)

The function returns an IRR of 19.49%.

The ranges you use with the IRR function must include at least one payment and one receipt. If you get a #NUM error, and you have included payments and receipts in the range, then Excel needs more information to calculate the IRR. Specifically, you need to provide a "starting guess" for Excel to work with. For example:

=IRR(D4:D8, -5%)

This usage means that the IRR function starts calculating at –5%, and then recursively attempts to resolve the IRR based on the values in the range.

For instance, let's say you are investing in your daughter's business, and she will make payments back to you annually over the course of four years. You are planning to invest $50,000, and you expect to receive $10,000 in the first year, $17,500 in the second year, $25,000 in the third, and $30,000 in the fourth.

Since the $50,000 is money you are paying out, it is entered in Excel as a negative value. The other values are entered as positive values. For instance, you could enter –50000 in cell D4, 10000 in cell D5, 17500 in cell D6, 25000 in cell D7, and 30000 in cell D8. To calculate the internal rate of return, you would use the following formula:

=IRR(D4:D8)

The function returns an IRR of 19.49%.

The ranges you use with the IRR function must include at least one payment and one receipt. If you get a #NUM error, and you have included payments and receipts in the range, then Excel needs more information to calculate the IRR. Specifically, you need to provide a "starting guess" for Excel to work with. For example:

=IRR(D4:D8, -5%)

This usage means that the IRR function starts calculating at –5%, and then recursively attempts to resolve the IRR based on the values in the range.

Jun 09, 2010 | Microsoft Office Professional 2007 Full...

Yes, Concatenate is the name of the formula.

ex:

=CONCATENATE(.15*B27," to ",.25*B27)

Which would return something like: "15.1254 to 25.5514"

If you want to limit the numbers in the returned data to whole numbers, you need to add the Floor formula.

ex.

=CONCATENATE(FLOOR(.15*B27,1)," to ",FLOOR(.25*B27,1))

That would return something like "15 to 25"

ex:

=CONCATENATE(.15*B27," to ",.25*B27)

Which would return something like: "15.1254 to 25.5514"

If you want to limit the numbers in the returned data to whole numbers, you need to add the Floor formula.

ex.

=CONCATENATE(FLOOR(.15*B27,1)," to ",FLOOR(.25*B27,1))

That would return something like "15 to 25"

Dec 19, 2008 | Microsoft Excel for PC

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These are Excel functions for Lookup tables. The purpose of
Lookup tables is to bring a value to the table, find the closest (or exact)
match, and then return another value.

An example is the federal income tax table. On your tax return you get your gross income and number of dependents, go to the Lookup table, and find your taxable income.

The V in VLOOKUP means that the table is vertical; HLOOKUP has a horizontal orientation.

If you use the Insert Function button in Excel and paste either function, the dialog box will explain each required field separately with examples.

An example is the federal income tax table. On your tax return you get your gross income and number of dependents, go to the Lookup table, and find your taxable income.

The V in VLOOKUP means that the table is vertical; HLOOKUP has a horizontal orientation.

If you use the Insert Function button in Excel and paste either function, the dialog box will explain each required field separately with examples.

Dec 02, 2008 | Microsoft Excel for PC

Are you looking to solve any particular problem?--- because there are a huge number of possible formulas in Excel.

However, in my opinion, the most commonly needed ones are addition, subtraction, division, multiplication, and summing.

Suppose you have the following numbers typed into your Excel spreadsheet:

**columns: A B C D**

**rows**

**1 ** 20 3

**2 ** 10 4

**3 ** 15 2

**4 ** 1 2 3

Then suppose you type in the following formulas (in the D column):

**columns: A B C D**

**rows**

**1 ** 20 3 =A1+B1

**2 ** 10 4 =A2-B2

**3 ** 15 2 =A3*B2

**4 ** 1 2 3 =sum(A4:C4)

Then the following answers will appear in the D column:

**columns: A B C D**

**rows**

**1 ** 20 3 23

**2 ** 10 4 6

**3** 15 2 30

**4** 1 2 3 6

However, in my opinion, the most commonly needed ones are addition, subtraction, division, multiplication, and summing.

Suppose you have the following numbers typed into your Excel spreadsheet:

Then suppose you type in the following formulas (in the D column):

Then the following answers will appear in the D column:

Sep 29, 2008 | Microsoft Computers & Internet

hiiiiiii

u know vlookup function,then piviot table

u know na tell short formula

genious...

u know vlookup function,then piviot table

u know na tell short formula

genious...

Dec 14, 2007 | Microsoft Excel for PC

columns total in additin cells of rows equal are total

Oct 24, 2007 | Oracle 10g Database Standard (ODBSEONUPP0)

Jan 28, 2016 | Microsoft Excel for PC

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