Slide formula in ASC smoothly

Aug 6th, 2022
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How to Slide formula in ASC

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in this video im going to show you how to create a sliding scale commission calculator for decreasing percentages in excel i have previously showed you how to do a sliding scale commissioning calculator for percentages that go up and in this one um they go percentages go from one to eight percent and uh if you look at the formula here weve clicked on the commissioner its a series of vlookups and multiplied by the commission rate now this doesnt work when the percentages are going the other direction so let me show you how i did this one okay so here we have our range um from twenty thousand to five hundred thousand and theyre trying to increa to uh to get you to make a sale and so the first twenty thousand you get ten percent and then when you get to the 500 000 youre gonna get one percent now so how ive done this is this is the top range of the the top of each of the range and now to figure out the commissioner and so the commission earned calculation here is simply uh in the

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1.2 Entities and taxes covered by ASC 740 Domestic federal (national) income taxes (U.S. federal income taxes for U.S. entities) and foreign, state and local (including franchise) taxes based on income. An entitys domestic and foreign operations that are consolidated, combined, or accounted for by the equity method.
Financial Accounting Standards Board Accounting Standards Codification (FASB ASC) 740-10-50, Income TaxesOverallDisclosure, is the source of guidance on the disclosures related to income taxes in the financial statements of all entities.
What is the scope of ASC 740? ASC 740 establishes standards of financial accounting and reporting for currently payable income taxes as well as deferred income taxes payable at some point in the future.
Financial Accounting Standards Board Accounting Standards Codification (FASB ASC) 740-10-50, Income TaxesOverallDisclosure, is the source of guidance on the disclosures related to income taxes in the financial statements of all entities.
ASC 740 governs how companies recognize the effects of income taxes on their financial statements under U.S. GAAP. This applies only to taxes based on incomenot sales, payroll, or property taxesper ASC 740-10. Calculating the provision for income taxes under ASC 740 presents a difficult technical challenge.
ASC 740-10-10-1 identifies two objectives of accounting for income taxes: Recognize the amount of taxes payable or refundable for the current year. Recognize deferred tax liabilities and assets for the future tax consequences of events that have been recognized in a reporting entitys financial statements or tax returns.
ASC 740 requires companies to account for income tax rate and law changes in the period in which the law is enacted. A state tax rate change will often require a company to re-price its deferred tax assets and liabilities, resulting in a deferred impact on the effective rate.
ASC 740 covers federal, foreign, state and local (including franchise) taxes based on income. Also covered are an enterprises domestic and foreign operations that are consolidated, combined, or accounted for by the equity method, and foreign enterprises that prepare financial statements in ance with U.S. GAAP.
ASC 740 requires companies to account for income tax rate and law changes in the period in which the law is enacted. A state tax rate change will often require a company to re-price its deferred tax assets and liabilities, resulting in a deferred impact on the effective rate.
ASC 740 covers federal, foreign, state and local (including franchise) taxes based on income. Also covered are an enterprises domestic and foreign operations that are consolidated, combined, or accounted for by the equity method, and foreign enterprises that prepare financial statements in ance with U.S. GAAP.

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