M
mikeburg
I am trying to come up with the best way (formula not vba) to lookup
calculate income tax from the following two columns A & B when th
taxable amount is entered in C1:
ColA Col B
1 10% 14,300 (1st 14,300 taxed at 10%)
2 15% 58,100 (1st 14,300@10% + over 14,300 to 58,100 taxed at 15%)
3 25% 117,250 (1st 14,300@10% + 43,800@15% + 58,100 to 117,250@25%)
4 28% 178,650 (1st 14,300@10% + 43,800@15%+120,550@25%+over 117,250 t
178,650@28%)
5 33% 319,100 (1st 14,300@10%+43,800@15%+120,550@25%+ 61,400@28%+ove
178,650 to 319,100@33%)
6 35% over 319,100 (1s
14,300@10%+43,800@15%+120,550@25%+61,400@28%+140,450@33%+all ove
319,100@35%)
Using only two columns A & B are preferred and have the ability t
change the column A percents & the column B amounts without having t
change the formula.
Example: The tax on 49,000 entered in cell C1 would be 6,635 (14300
10% + (49000-14300 X 15%)).
Any ideas?
Thank you for your help. mikebur
calculate income tax from the following two columns A & B when th
taxable amount is entered in C1:
ColA Col B
1 10% 14,300 (1st 14,300 taxed at 10%)
2 15% 58,100 (1st 14,300@10% + over 14,300 to 58,100 taxed at 15%)
3 25% 117,250 (1st 14,300@10% + 43,800@15% + 58,100 to 117,250@25%)
4 28% 178,650 (1st 14,300@10% + 43,800@15%+120,550@25%+over 117,250 t
178,650@28%)
5 33% 319,100 (1st 14,300@10%+43,800@15%+120,550@25%+ 61,400@28%+ove
178,650 to 319,100@33%)
6 35% over 319,100 (1s
14,300@10%+43,800@15%+120,550@25%+61,400@28%+140,450@33%+all ove
319,100@35%)
Using only two columns A & B are preferred and have the ability t
change the column A percents & the column B amounts without having t
change the formula.
Example: The tax on 49,000 entered in cell C1 would be 6,635 (14300
10% + (49000-14300 X 15%)).
Any ideas?
Thank you for your help. mikebur