Excel If cell is greater than condition then minus number

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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?

Nov 7, 2022 in Others by Kithuzzz
• 28,520 points
89 views

1 answer to this question.

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The IF function to calculate B5 (amount to subtract from student allowance)

=IF(B4>300;0,6*(B4-300);0)

IF Bob earns more than $300 then multiply 0.6 cents per euro above 300. Else, the subtraction equals $0.

answered Nov 7, 2022 by narikkadan
• 52,760 points

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