Microsoft Office
IF and LOOKUP functions exercise
Relatively easy

This Microsoft Office IF AND LOOKUP FUNCTIONS exercise is provided to allow potential course delegates to assess their suitability for the Wise Owl ADVANCED EXCEL course only, and may not be reproduced in whole or in part in any format without the prior written consent of Wise Owl.

Exercise: CGT calculations for properties (IF functions)

A full answer to this exercise is provided as part of the training course!

1) Download the files needed to start this exercise: exercise-174.zip (and click here if you experience any problems unzipping this file after downloading it).
2) Work out the capital gains tax payable on the different properties listed, using the following (rather unfair) rules:
  • For any capital gain up to £25,000, the tax is payable at 10% on the whole of the gain
  • For any capital gain of £25,000 or more, the tax is payable at 20% on the whole of the gain
3) Your final answer should look like this:
Exercise screen-shot 246 This is what the answer should look like
4) Save this file as An unfair system.xls, and close it down.

Thank you for showing an interest in this Advanced Excel training course! As mentioned above, full answers to this and other exercises are provided on the course. On all Wise Owl scheduled courses delegates can take away these model answers (together with their own efforts!) on a free USB stick.

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