XP Life Insurance Premium Flowchart 1 Add Life Ins = “Y” Salary * Premium Rate Yes 0 No

XP Life Insurance Premium Flowchart =IF([Add Life Ins]="Y",[Annual Salary]*Add_Life_Ins_Rate,0) 2 Add Life Ins = “Y” Salary * Premium Rate Yes 0 No

XP 401(k) Benefit Cost Flowchart 3 Full-Time Employee? Salary * 401(k) rate Yes 0 No Employed 1 or more years? Yes No

XP Working with Logical Functions The AND function is a logical function that returns a TRUE value if all the logical conditions are true and a FALSE value if any of the logical conditions are false. AND(logical1, [logical2] …) 4

XP 401(k) Benefit Cost Flowchart =IF(AND([Job Status]="FT",[Years Service]>1),[Annual Salary]*_401_k__Cost,0) 5 Full-Time Employee? Salary * 401(k) rate Yes 0 No Employed 1 or more years? Yes No

XP Bonus Costs Flowchart 6 Pay Grade = 1 “Invalid Pay Grade” Yes $2,500 No Pay Grade = 2 Yes $5,000 No Pay Grade = 3 Yes $7,500 No

XP Working with Logical Functions A nested IF function is when one IF function is placed inside another IF function to test an additional condition 7

XP Bonus Costs Flowchart 8 Pay Grade = 1 “Invalid Pay Grade” Yes $2,500 No Pay Grade = 2 Yes $5,000 No Pay Grade = 3 Yes $7,500 No =IF([Pay Grade]=1,Bonus_Pay_Grade_1, IF([Pay Grade]=2,Bonus_Pay_Grade_2, IF([Pay Grade]=3,Bonus_Pay_Grade_3,"Invalid Pay Grade")))

XP Working with IFERROR Function The IFERROR function allows you to control what a formula displays when an error condition occurs. Instead of seeing #NAME?, #N/A, or some other default error message, you can use this function to display a more appropriate error message. 9

XP 10 Health Plan Costs HealthPlanRates Table =IFERROR(VLOOKUP([Health Plan],HealthPlanRates,2,FALSE)*12,”Invalid Code”)

XP Summarizing Data Conditionally The COUNTIFS function counts the number of cells within a range that meet multiple criteria – COUNTIFS(criteria_range1,criteria1[,criteria_range2, criteria2...]) The SUMIFS function adds values in a range that meet multiple criteria – SUMIFS(sum_range,criteria_range1,criteria1[,criteria_ range2, criteria2...]) The AVERAGEIFS function calculates the average of values within a range of cells that meet multiple conditions – AVERAGEIFS(average_range,criteria_range1,criteria1 [,criteria_range2, criteria2...]) 11