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Gross taxation formula
Can someone show me the correct forumla to provide a net mothly figure
e.g if a gross yearly wage figure is entered into A1 how can i show the tax paid in A2 and the resulting nett monthly figure in A3 The formula has to work within the following thresholds: 0-$17,500 taxed at 12.5% $17,501 - $40,000 taxed at 21% $40,001 - $75,000.00 taxed at 33% $75,001 and above taxed at 39% |
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