' NEEDS TO BE IN EXCEL SPREEDSHEET!!!!!!! '

Question

Anu Bhardwaj · Accepted Answer

Fill in Monthly Income and Expenses : Populate each cell in the "Income" and "Expenses" sections with realistic values. Calculate Subtotal Income : In the "Subtotal Income" row (Row 9), sum the income sources for each month. Formula: =SUM(B3:B7) for January. Drag this formula across all months. Calculate Subtotal Expenses : In the "Subtotal Expenses" row (Row 16), sum the expense types for each month. Formula: =SUM(B11:B15) for January. Drag this formula across all months. Calculate Gross Income : In the "Gross Income" cell (B20), sum the "Subtotal Income" for the entire year. Formula: =SUM(B9:M9) Calculate Entertainment Tax : In the "Subtract Entertainment Tax" cell (B21), apply the tax rate formula. Formula: =IF(B20 <= 20000000, B20 * 0.12, 20000000 * 0.12 + (B20 - 20000000) * 0.15) Calculate Net Income : In the "Net Income" cell (B22), subtract the entertainment tax from the gross income. Formula: =B20 - B21 Calculate Subtotal Total Expenses : In the "Subtotal Total Expenses" cell (B23), sum the "Subtotal Expenses" for the entire year. Formula: =SUM(B16:M16) Calculate Total Profit : In the "Total Profit" cell (B24), subtract total expenses from net income. Formula: =B22 - B23 Calculate Maximum and Minimum Monthly Expenses : In the "Maximum Monthly Expenses" cell (B26), find the maximum value in the "Subtotal Expenses" row. Formula: =MAX(B16:M16) In the "Minimum Monthly Expenses" cell (B25), find the minimum value in the "Subtotal Expenses" row. Formula: =MIN(B16:M16) Calculate Average Monthly Expenses and Income : In the "Average Monthly Expenses" cell (B28), find the average value in the "Subtotal Expenses" row. Formula: =AVERAGE(B16:M16) In the "Average Monthly Income" cell (B29), find the average value in the "Subtotal Income" row. Formula: =AVERAGE(B9:M9) Example Formulas: Subtotal Income for January : =SUM(B3:B7) Subtotal Expenses for January : =SUM(B11:B15) Gross Income : =SUM(B9:M9) Subtract Entertainment Tax : =IF(B20 <= 20000000, B20 * 0.12, 20000000 * 0.12 + (B20 - 20000000) * 0.15) Net Income : =B20 - B21 Subtotal Total Expenses : =SUM(B16:M16) Total Profit : =B22 - B23 Maximum Monthly Expenses : =MAX(B16:M16) Minimum Monthly Expenses : =MIN(B16:M16) Average Monthly Expenses : =AVERAGE(B16:M16) Average Monthly Income : =AVERAGE(B9:M9) Additional Steps for the 2023 Budget: Create a new worksheet titled "2023 Budget" with the same structure. Increase each income source by 4%: =2022_value * 1.04 Increase each expense type by 6%: =2022_value * 1.06 Charts: Pie Chart for 2022 Expenses : Select the data from the "Subtotal Expenses" row for the entire year. Insert a pie chart. Line Graph for 2022 vs 2023 Expenses : Select the monthly expenses subtotals for both years. Insert a line chart.

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Anu Bhardwaj

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