IF is one of the most popular and useful functions in Excel. You use an IF statement to test a condition and to return one value if the condition is met, and another value if the condition is not met.
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When should the IF function be used in a spreadsheet?
Use the Excel IF function when you want to test something, and show one result if the test result is True, and a different result if the test result is False. NOTE: In many cases, another Excel function would be more efficient than a complex IF formula.
Where do we use if function in Excel?
Use the IF function, one of the logical functions, to return one value if a condition is true and another value if it’s false. For example: =IF(A2>B2,”Over Budget”,”OK”) =IF(A2=B2,B4-A4,””)
How do you use the IF function in Excel with yes or no?
Click on “Insert Function” and select the IF function. Our goal here is to have the function display “Yes” if the result is greater than ten, and “No” otherwise. The logical test will tell us whether the function should display “Yes” or “No”. If it is true, the function will display “Yes”.
How do you use an IF function in Excel to calculate tax?
Use the IF function to calculate with different tax rates
- In column A, enter some prices.
- In column B, enter different tax percentages (0, 8, or 10 for this example).
- Select cells C2:C10 and type the following formula: =IF(B2=8,A2/100*8,IF(B2=10,A2/100*10,A2/100*0).
- Press Ctrl+Enter.
Can IF function be used for text?
Case-sensitive IF formula for text values. If you want a case-sensitive logical test, use the IF function in combination with EXACT that compares two text strings and returns TRUE if the strings are exactly the same, otherwise it returns FALSE.
What is the use of what if analysis?
Overview. What-If Analysis is the process of changing the values in cells to see how those changes will affect the outcome of formulas on the worksheet. Three kinds of What-If Analysis tools come with Excel: Scenarios, Goal Seek, and Data Tables.
How do you write an IF THEN statement?
Another way to define a conditional statement is to say, “If this happens, then that will happen.” The hypothesis is the first, or “if,” part of a conditional statement. The conclusion is the second, or “then,” part of a conditional statement. The conclusion is the result of a hypothesis.
What does spill mean in Excel?
#SPILL errors are returned when a formula returns multiple results, and Excel cannot return the results to the grid.
What is else if statement?
Alternatively referred to as elsif, else if is a conditional statement performed after an if statement that, if true, performs a function.The above example could also be extended by adding as many elsif or else if statements as the program needed. Note. Not all programming languages are the same.
What is the 2021 tax bracket?
The 2021 Income Tax Brackets
For the 2021 tax year, there are seven federal tax brackets: 10%, 12%, 22%, 24%, 32%, 35% and 37%. Your filing status and taxable income (such as your wages) will determine what bracket you’re in.
How do you calculate pay as you earn in Kenya?
Pay-As-You-Earn(PAYE) is the tax charged on income earned by employees in Kenya.
What is the formula for calculating PAYE in Kenya?
- Gross Income = Basic salary + allowances + commissions.
- Taxable Income = Gross Income – all deductions/exemptions allowed by law e.g. NSSF, private pension.
How many arguments can you have in an IF function?
The function allows the user to put in up to 127 logical_test arguments using the IFS function.
What if function excel if multiple conditions?
How to use Excel IF function with multiple conditions
- If your logical test contains the AND function, Microsoft Excel returns TRUE if all the conditions are met; otherwise it returns FALSE.
- In case you use the OR function in the logical test, Excel returns TRUE if any of the conditions is met; FALSE otherwise.
What are examples of if scenarios?
An example of what-if analysis would be to ask: what would happen to my revenue if I charged more for each loaf of bread? In the simple case, where the volume of bread sold doesn’t depend on the price of the bread, the analysis is very easy. An X% rise in the price per loaf will lead to an X% increase in sales.
What is the difference between formulas and functions in Excel?
So, what’s the difference? A formula is an expression that uses cell references or hard-coded numbers to calculate the value of a cell.A function is a predefined formula already available in Excel. Functions streamline the process of creating a calculation.
What is an Xlookup in Excel?
Use the XLOOKUP function to find things in a table or range by row.With XLOOKUP, you can look in one column for a search term, and return a result from the same row in another column, regardless of which side the return column is on.
How do you prevent formula spills?
To prevent a formula from spilling into multiple cells, use the @ operator which reduces multiple values to a single value. In terms of Excel, this is called implicit intersection. For example, the dynamic array formula below multiplies each value in A2:A5 by 10%. The result is a spill range that occupies 4 cells.
What is ref in Excel?
The #REF! error shows when a formula refers to a cell that’s not valid . This happens most often when cells that were referenced by formulas get deleted, or pasted over.
Why is else if used?
Conditional Statements
Use if to specify a block of code to be executed, if a specified condition is true. Use else to specify a block of code to be executed, if the same condition is false. Use else if to specify a new condition to test, if the first condition is false.
What is the difference between IF and ELSE IF?
The if statement uses the results of a logical expression to decide if one of two code blocks will be executed. if the logical expression is true, only the statements in code block 1 will be executed; if false, only the statements in code block 2.