Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

I am confused on how to set up this function m. Enter Monthly Taxes in cell S1. Enter a formula in cell S2 to calculate

I am confused on how to set up this function image text in transcribed
image text in transcribed
m. Enter "Monthly Taxes" in cell S1. Enter a formula in cell S2 to calculate the monthly taxes. Since each development has a different tax rate, you need to use the VLookup function with the Development ID to retrieve the development's Tax Rate from the Development worksheet. This lookup is exact, so you need to use FALSE for the fourth argument of the VLOOKUP function. To determine the actual tax, multiply the tax rate by the sold price, and divide the tax by 12 . To reference a lookup table on a different worksheet, click on the worksheet tab that contains the lookup table, select the range, type a comma (,), and then click the original worksheet tab. Edit the formula to use a mixed reference for the lookup table to fix the rows. Copy/Paste or fill this formula to the remaining cells in column S for the details of property listings

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Databases questions