IF function displays wrong amount

[JAnderson]

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

 

[duane]

well.......the result of the if function is 303.whatever, but that is
added to the first part of the formula........I think you need to
remove everything between the "=" and the "if"

 

[Myrna Larson]

Look at your formula a bit harder. Before you even get to the IF test, you
calculate this amount and add it to the result of the IF test.

 

[Guest]

J,

Looks to me like you're performing the calculation twice:

=20%*(F4-D4*38.46) gives you 303.76
and
+IF(F4-D4*38.46)>0,(F4-D4*38.46)*.2,0)

resolves to give you the same amount again, the two of which are then added
together.

Good luck,
Tom Hayakawa

 

[James Anderson]

Thank you all. it was right in front of my face and I couldn't see it.
Cheers