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Dave F Dave F is offline
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Default Circular Reference Problem Calculating Net Pay

What formula are you currently using?

"Gerard" wrote:

Hi I am constructing a spreadsheet to calculate pays. Problem is I want
to round the pays to the nearest $5 and put the balance from the net
pay as extra tax.
I am using the tax figure to calculate the net pay... which results in
a circular reference error.
Going to Tools, Options and turning Iteration is not an option and does
not suit my purpose. I am trying to find a formula workaround.

Gross $1,155.75
Tax $276.00
Union $6.92
Add. Super $10.00
Allowances $60.00
Net $922.83
I would like to round the net pay to $920 in this instance and add the
remainder (2.83) as extra tax. Problem is the tax amount is used to get
the net amount.
Any solutions would be greatly appreciated.