Tax rates vary. Multiply 200.00 by the decimal equivalent of the tax percentage. If the tax is 6%, the tax is 12.00
20000
How much taxes are owed on 20000
200*100=20000 So there are 200 100's in 20000.
Gift tax, when applicable, is paid by the one giving the gift,
20000 / 12 = 1666.67
0.05% of 20000 = 10
20000
$20000
5000 dollars
It depends on the nature of the way you are doing it. Sometimes tax calculations can be complicated as there are many things to consider. So to keep it simple, say if your taxable salary is in cell B2 and it is taxed at 10% if it is under 20000 and 20% if it is 20000 or more, the formula, which could not be in cell B2, would be:=IF(B2
20000
20000