Formula in a cell to calc FUTA tax
Improvement....
On Nov 16, 9:02 am, I wrote:
Alternatively, the formula in H2 could be:
=if(A2="", "", min(round(A2*0.8%, 2), 56))
and the formula starting in H3 (and copy down) could be:
=if(A3="", "",
min(round(A3*0.8%, 2), max(0, 56-round(sum($A$2:A2)*0.8%, 2))))
Silly me! The second formula can simply be:
=IF(A3="", "", min(round(A3*0.8%,2), max(0, 56-sum($H$2:H2))))
MAX(0,...) should not be necessary; 56-SUM($H$2:H2) should suffice. I
tossed in the MAX(0,...) on the off-chance that 56-SUM() becomes
negative because of the vagaries of binary computer arithmetic.
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