100,000 - 250,000, rate = 2% Value 125,000 is within the second threshold or limit. First tier: 0.045 * 100,000 = 4,500 Second tier: 0.02 * 25,000 = 500 The total is 4,500 + 500 = 5,000 The following formula works only in Excel 365, however, it does the same thing as ...
2 1. Extended Formulas Extended formulas are a more flexible and powerful mechanism for computing values than the formula mechanism used to make simple computations based on fields in the same record that is presented in the "Data Types" chapter of Application Building. Extended formulas can rely...
The basic formula for calculating your income taxes is:A. tax liability = gross income X taxable liabilityB. tax liability = taxable income X tax rate C. tax liability = taxable income / tax rate D. tax liability = gross income / taxable liability B. tax liability = taxable income X tax...
The basic formula for calculating your income taxes is: B. tax liability = taxable income X tax rate A house a property value of $175,000 and the city levies a tax rate of $2.50 per thousand. How much property tax is due? D. $437.50 You bought a car for $1,500 and the sales ...
To create an array formula, you enter the formula’s arguments and press Ctrl+Shift+Enter to identify the formula as an array formula. To calculate package insurance rates for values in the cell range B4:B6 and the rate in cell B1, you would select a range of cells with the same shape...
2 1. Extended Formulas Extended formulas are a more flexible and powerful mechanism for computing values than the formula mechanism used to make simple computations based on fields in the same record that is presented in the "Data Types" chapter of Application Building. Extended formulas can rely...