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Tax liability is incurred when you earn taxable income—that’s your gross income minus any allowable tax deductions. So when looking at your income tax returns, you need to check what income tax rate applies to you. Federal income tax rates can be broken down into the following federal tax...
To practice, we have added a practice portion on each sheet on the right side. Download Workbook You can download the practice workbook from here: Calculate-Hours-Worked-Minus-Lunch.xlsx Related Articles How to Calculate Billable Hours in Excel Excel Formula for Overtime over 8 Hours How to C...
As you explore different business loans from different lenders, it's helpful to calculate your total costs to compare your options. Your total business loan costs depend on the interest rate and type (simple or compound) and any upfront or ongoing fees your lender charges. These variables are...
Of course, you own the home—but until it’s paid off, your lender has a lien on the property, so it’s not yours free-and-clear. The value that you own, known as your "home equity," is the home’s market value minus any outstanding loan balance. You might want to calculate ...
Find the IRR in Excelby employing the IRR function, then use it as the discount rate that causes NPV to equal zero.4 Use What-If analysis, a built-in calculator in Excel, to solve for the discount rate that equals zero.5 Method One ...
Home equity is the current market value of your home, minus any liens such as a mortgage. You can leverage your home equity by using it to back a home equity loan or a home equity line of credit. When you put a down payment on a house of 20% or more, you'll have immediate equit...
The following table shows how to perform basic arithmetic calculations in Excel. OperationOperatorExampleDescription Addition+ (plus sign)=A1+A2Adds up the numbers in cells A1 and A2. Subtraction- (minus sign)=A1-A2Subtracts the number in A2 from the number in A1. ...
Useful life of the asset: The number of years you expect to use the asset. For book purposes, you can determine your own useful life. For tax depreciation, useful lives are based on the type of asset. Your accountant can help you determine the useful life of a specific asset. Minus ...
Calculating home equity is relatively simple math, and if you have accurate figures on hand, all you have to do is plug them into ahome equity calculator. You can determine your level of equity on your own, as well. Here’s how.