The formula for tax at 45% allows for a reduction in the allowance

Blackwell

Board Regular
Joined
Oct 19, 2007
Messages
96
Office Version
  1. 2016
Platform
  1. Windows
Hello, I am trying to resolve this formula. I am ok with 20% and 40% tax, but I am struggling when the allowance is reduced after sales have increased over 100,000.
Sales 168,000
allow 12,570
net 155430

tax 20% 7,450
tax 405 47092
tax 45% ?

Sorry tried to load XL2BB but not working.
 

Excel Facts

Why are there 1,048,576 rows in Excel?
The Excel team increased the size of the grid in 2007. There are 2^20 rows and 2^14 columns for a total of 17 billion cells.
Please expand your description and explanation of the calculations required.
What are the rates? How is the allowance calculated and how is it used in the calculation.

Can you show the calculations for several amounts and also the expected results.
 
Upvote 0
Solution

Forum statistics

Threads
1,216,163
Messages
6,129,223
Members
449,495
Latest member
janzablox

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
Back
Top