Progressive taxation in Excel?
I need help writing an "if" in Excel: Tax on Gross Profit depends on sales. There are two types Tax: 10% of gross profits up to $ 6,000 and 15% of the gross profits of over $ 6,000. Note that this is a progressive tax, which means that the gross profits of over $ 6,000, the first $ 6,000 is taxed at 10% and gross profit of more than $ 6,000 is taxed at 15%. Using the rate table tax, figure your tax for each sales category. Use absolute cell references and the "IF" function to calculate the tax.
Basically is a rule if the statement can use 2 basic formulas to choose from … depending on whether something is true or false. if your gross profit is in cell A1, then = IF (A1 <6000, A1 *. 1, 600 + A1 *. 15) checks if a1 is less than 6000 after being true: what does the formula 1, if it is false: then will the 2nd formula that you can change the formulas for everything you want to meet your needs. provided they are separated by commas.
Excel Magic Trick 453: VLOOKUP for Commission Brackets Calculation (LOOKUP function also)
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