I’m creating an excel spreadsheet that contains the following:
- Cell B4: Number that represents Bob’s subcontractor fortnight (earning in 2 weeks) earnings.
- Cell B6: Number that represents Bob’s student allowance a fortnight.
- Cell B5: Display the total that was subtracted from Bob’s student allowance this specific fortnight.
Subtraction of allowance: If bob earns more than $300 as a subcontractor his allowance will be reduced by 0,60 cents for each dollar over $300 in his subcontractor earnings.
0,60 * (B4-300) = subtraction
Using Excel, what is the formula to calculate the remaining amount in Bob's student allowance?