QUESTION NO.9
The XYZ Company Ltd. Furnishes you the list of their employees and their taxable
income
Compute tax based on the following criteria by using appropriate function in
Spreadssheet.
A) If Taxable Income is below 250,000 Tax is NIL
B) If Taxable income is 250,000 to 500,000 Tax rate is 10%
C) If Taxable Income is above 500,000 Tax rate is 20%
Procedure and Answers
i).Open a new spread sheet in Calc.
ii). enter all labels in the spread sheet as A1Name,
B1Sex,
C1Taxable
Income and D1Tax,
Then enter all values in the corresponding cells.
Iii) select the cell D2 and type the formulas
=IF(C2>=500000,C2*20/100,IF(C2>=250000,C2*10/100,"NIL"))
iV) To copy formula Select range D2:D7 Press Ctrl+D.
Answer
The XYZ Company Ltd. Furnishes you the list of their employees and their taxable
income
Spreadssheet.
A) If Taxable Income is below 250,000 Tax is NIL
B) If Taxable income is 250,000 to 500,000 Tax rate is 10%
C) If Taxable Income is above 500,000 Tax rate is 20%
Procedure and Answers
i).Open a new spread sheet in Calc.
ii). enter all labels in the spread sheet as A1Name,
B1Sex,
C1Taxable
Income and D1Tax,
Then enter all values in the corresponding cells.
Iii) select the cell D2 and type the formulas
=IF(C2>=500000,C2*20/100,IF(C2>=250000,C2*10/100,"NIL"))
iV) To copy formula Select range D2:D7 Press Ctrl+D.
Answer



