September 2006
Beginner to intermediate
397 pages
13h 15m
English
Content preview from Microsoft Excel Functions & Formulas
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Calculate your net income
People often talk about their gross income. To calculate net income,
it is necessary to consider the tax percentage using the following
calculation.
4
To calculate net income:
1. Select cell B1 and enter the tax as a percentage: 33%.
2. In cell B2, enter the gross income: $3500.
3. Select cell B3 and type the formula =B2*B1 to calculate
the tax amount.
4. Determine the net income in cell B4 with the formula
=B2-B3.
Note: The amounts in cells B1 and B2 can be changed.
34 Chapter 1
Figure 1-34
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