Array Help Please!!

August

Active Member
Joined
Jun 18, 2004
Messages
264
Book1
ABCDE
1Tax Liability
2NameExpensesTax RateBenefitTax
3J Smith1,500.0030%2,142.86642.86
4P Jones12,000.0020%15,000.003,000.00
5A Boot5,000.0040%8,333.333,333.33
618,500.0025,476.196,976.19
7
8Taxable Benefit6,976.19
9
Sheet1


Hi there
Above is a simplified version of my worksheet.
Basically, we've paid expenses to employees that must be treated as taxable benefits. That is, we must calculate the amount an employee would earn in order to receive that amount and then tax them on that "gross" figure, which is there liability.
The formulas show the steps to arrive at this, but I would like an arrag formula in B* to give me the same total I have in E6. So far all my attempts have given values significantly off this number.

Any help would be greatly appreciated
 

Excel Facts

Bring active cell back into view
Start at A1 and select to A9999 while writing a formula, you can't see A1 anymore. Press Ctrl+Backspace to bring active cell into view.

Richard Schollar

MrExcel MVP
Joined
Apr 19, 2005
Messages
23,707
Or:

Code:
=SUMPRODUCT(B3:B5,C3:C5,1/(1-C3:C5))

which isn't an array formula, so doesn't need to be CSE entered.

Richard
 
Master Excel Bundle

Excel contains over 450 functions, with more added every year. That’s a huge number, so where should you start? Right here with this bundle.

Forum statistics

Threads
1,168,128
Messages
5,857,533
Members
431,884
Latest member
Gcmoore63

We've detected that you are using an adblocker.

We have a great community of people providing Excel help here, but the hosting costs are enormous. You can help keep this site running by allowing ads on MrExcel.com.
Allow Ads at MrExcel

Which adblocker are you using?

Disable AdBlock

Follow these easy steps to disable AdBlock

1)Click on the icon in the browser’s toolbar.
2)Click on the icon in the browser’s toolbar.
2)Click on the "Pause on this site" option.
Go back

Disable AdBlock Plus

Follow these easy steps to disable AdBlock Plus

1)Click on the icon in the browser’s toolbar.
2)Click on the toggle to disable it for "mrexcel.com".
Go back

Disable uBlock Origin

Follow these easy steps to disable uBlock Origin

1)Click on the icon in the browser’s toolbar.
2)Click on the "Power" button.
3)Click on the "Refresh" button.
Go back

Disable uBlock

Follow these easy steps to disable uBlock

1)Click on the icon in the browser’s toolbar.
2)Click on the "Power" button.
3)Click on the "Refresh" button.
Go back
Top