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If function

  1. #1
    potsie
    Guest

    If function

    I have a new problem, how do I type the If formula for this one
    the formula is to calculate 401K contributions for employees. The formula
    should determine the number of years employed in column C is greater than or
    equal to 1, then the contributions is equal to the contribution percentage of
    3% located in column F4 multiplied by the employee salary in column D,
    otherwise the contribution is zero.

  2. #2
    Forum Contributor
    Join Date
    03-21-2006
    Posts
    205
    Try:
    =IF(C4<1,0,D4*F4) and copy to other cells in column

  3. #3
    potsie
    Guest

    Re: If function

    potsie wrote:
    >I have a new problem, how do I type the If formula for this one
    >the formula is to calculate 401K contributions for employees. The formula
    >should determine the number of years employed in column C is greater than or
    >equal to 1, then the contributions is equal to the contribution percentage of
    >3% located in column F4 multiplied by the employee salary in column D,
    >otherwise the contribution is zero.

    I forgot to mention this has to also be in the round function

  4. #4
    Forum Contributor
    Join Date
    03-21-2006
    Posts
    205
    This rounds to 2 decimal places. Is this what you want? Otherwise can you explain more clearly.

    =IF(C4<1,0,ROUND(D4*F4,2))

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