Say you have $100,000 in a 401(k). Rolling the money into a Roth IRA may trigger a tax bill of up to $25,000 if youâre in the 25% tax bracket. In that case, itâs a good idea to pay the tax out of your own savings rather than dipping into your tax-advantaged retirement savings.
Microsoft Excel is a spreadsheet program included in the Microsoft Office suite of applications. Spreadsheets present tables of values arranged in rows and columns that can be manipulated mathematically using both basic and complex arithmetic operations and functions.
Quick Answer. In Microsoft Excel, a function is a type of formula that allows the user to perform mathematical, statistical and logical operations more easily. While it is possible to create a unique formula, Excel offers users a variety of preset formulas that they term functions. Continue Reading.