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If sales taxes are equal to 5% of total quarterly sales, and they are paid at the end of each calendar quarter, which formula could
If sales taxes are equal to 5% of total quarterly sales, and they are paid at the end of each calendar quarter, which formula could be entered into F16 and copied to every cell in row 16 to get the correct value in each cell?
A | B | C | D | E | F | |
1 | September | October | November | December | ||
2 | Sales | 90,000 | 120,000 | 135,000 | 240,000 | |
16 | Taxes | ? | ? |
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=IF(MOD(MONTH(F1),2)=0,0.05*SUM(D2:F2),0)
=0.05*SUM(D2:F2)
=IF(MONTH(F1)=12,0.05*SUM(D2:F2),0)
=IF(MOD(MONTH(F1),3)=0,0.05*SUM(D2:F2),0)
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