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An accountant needs to withhold 13% of income for taxes if the income is below $40,000, and 20% of income if the income is $40,000
An accountant needs to withhold 13% of income for taxes if the income is below $40,000, and 20% of income if the income is $40,000 or more. The income amount is in cell A1. Write a spreadsheet expression that would calculate the amount to withhold.
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
