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Default calculate tax based on y or N

I have a worksheet and I have a cell that calculates tax. the formula for
that cell works. but I want it to calculate the tax if in another cell i put
a y and to not calculate if I put a N. if I do say it non taxable I want a
value of $0.00 the tax cell is a currency format.

here is my tax formula (located in colum N) =SUM(C3,I3,E3,J3,)*8.5%
In Cloum M I want to put a "y" or "n" if it is taxable or not
 
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