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JAnderson
 
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Default IF function displays wrong amount

Hello all,
I have an IF function to calculate Federal Tax. In the Function Arguments
Dialog Box the logical test = True, and the Value_if_true = 303.7605, which is
what I want. The Value_if_false = 0, which is also what I want. The formula
result in the bottom left of the dialog box however = 607.52. Double what it
should be. I have uploaded a screenshot here http://home.earthlink.net/~janderson3/
Any suggestions as to what I'm doing wrong would be appreciated.
Thanks in advance.
J Anderson