Working With Nested Functions
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№3 working with nested functions: 1. Copy the table from №2 to worksheet 3 and rename it as Taxes . 2. Modify the table

№3 working with nested functions:
1. Copy the table from №2 to worksheet 3 and rename it as "Taxes".
2. Modify the table header.
3. Add columns for "Rate," "Accrued," "Tax," "Salary," and populate them as follows:
- Rate = a random number from 500 to ...
- Accrued = Rate * wage rates
- Tax = 0%, if Accrued is less than 16000; 12%, if Accrued is greater than or equal to 16000 but less than 25000; and 20%, if Accrued is greater than or equal to 25000
4. Save the document in your folder.
5. Submit the work for review.
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    Working With Nested Functions

    Инструкция:
    To complete the given task, follow the steps below:

    1. Open the document from №2 and go to worksheet 3. Right-click the worksheet tab and select "Rename." Enter "Taxes."
    2. Modify the table header by clicking on the cells and changing the names to "Rate," "Accrued," "Tax," and "Salary."
    3. To add the columns and populate them, follow these steps:
    - For "Rate," enter the formula "=RAND()*(max-min)+min" in the first cell. Replace "max" with the maximum random number (e.g., 1000) and "min" with the minimum random number (e.g., 500). Copy the formula to all the cells in the column.
    - For "Accrued," enter the formula "=Rate*WageRates" in the first cell. Replace "WageRates" with the appropriate cell reference for the wage rates. Copy the formula to all the cells in the column.
    - For "Tax," enter the nested function "=IF(Accrued<16000, 0%, IF(Accrued<25000, 12%, 20%))" in the first cell. This formula checks the value of "Accrued" and assigns the appropriate tax rate accordingly. Copy the formula to all the cells in the column.
    - For "Salary," enter the appropriate formula to calculate the salary based on the given data. Copy the formula to all the cells in the column.
    4. Save the document by clicking on "File" and selecting "Save." Choose the desired folder location to save the document.
    5. Once you have completed the task, you can submit the work for review.

    Демонстрация:
    Suppose the wages rates are stored in cell B2. The "Rate" column should generate random numbers between 500 and 1000. For the first cell, the formula would be "=RAND()*(1000-500)+500". The "Accrued" column should multiply the "Rate" with the wage rates in each row (e.g., "=C2*B2"). The "Tax" column would have a nested IF statement based on the "Accrued" value, as described above. The "Salary" column would contain the formula to calculate the salary based on the given data, such as "=[Accrued]-[Tax]".

    Совет:
    To understand and complete this task more easily, make sure you have a good understanding of spreadsheet functions, particularly nested IF functions. Familiarize yourself with basic formulas like RAND(), multiplication, and addition. Pay close attention to cell references and adjust them accordingly when copying formulas. Make use of cell formatting options to make the table more organized and visually appealing. Save your work regularly to avoid losing progress.

    Проверочное упражнение:
    For the given formula "=IF(C2<30000, "Low", IF(C2<50000, "Medium", "High"))", determine the output when the value in cell C2 is 25000.
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