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An accountant needs to withhold 21% of income for taxes if the income is below $20,000, and 31% of income if the income is $20,000 or more. The income amount is in cell A1.

Write a spreadsheet expression that would calculate the amount to withhold:

A) =IF(A1<20000, A1*0.21, A1*0.31)
B) =IF(A1>=20000, A1*0.21, A1*0.31)
C) =IF(A1<20000, A1*0.31, A1*0.21)
D) =IF(A1>=20000, A1*0.31, A1*0.21)

Answer :

The correct spreadsheet expression for calculating tax withholding based on the income in cell A1 is '=IF(A1<20000, A1*0.21, A1*0.31)' which withholds 21% if income is below $20,000 and 31% if $20,000 or more. The correct answer is option A.

In this spreadsheet scenario, the accountant must withhold a different percentage of taxes based upon the income entered in cell A1. The correct expression to calculate the tax withholding amount is Option A, which is written as:

=IF(A1<20000, A1*0.21, A1*0.31)

This formula uses an IF statement that checks if the income is less than $20,000. If the condition is true, it calculates the tax by multiplying the income by 21%. If the condition is false, implying the income is $20,000 or more, then the income is multiplied by 31%.

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