ANSWERS: 2
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What do you mean "tax value"? Are you trying to make the cell show use a different formula depending on if you put 'M' or 'F' in the other cell?
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This formula assumes that F or M will be in cell D12: =IF(D12="M","First Value",IF(D12="F","Second Value","")) Replace "First Value" and "Second Value" with the appropriate tax rates and don't use inverted commas - they are only needed for text.
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