calculating different percentages depending on amount

[pgruening]

I'd appreciate help with a formula

I need a formula to calculate the following

4.5% of any amount up to and equal to $41,100.00 PLUS 6.00% on any amount above $41,100.

ie $20,000 would be (20,000 x .045) $900.00

ie $50,000 would be [(41,100 x .05) + (8,900 x .060)] $2,383.50

Thanks Peter

[goober]

Here's one which may work. Just substitute A1 with the cell your information is in.

=IF(A1<=41100,A1*.045,(41100*.045)+((A1-41100)*.06))


I'd appreciate help with a formula

I need a formula to calculate the following

4.5% of any amount up to and equal to $41,100.00 PLUS 6.00% on any amount above $41,100.

ie $20,000 would be (20,000 x .045) $900.00

ie $50,000 would be [(41,100 x .05) + (8,900 x .060)] $2,383.50

Thanks Peter

[pgruening]

THe formula worked for amount $41,100 or less but didn't for amounts above.

At first I thought it was because of a wrong percentage in the second half of the formula but that wasn't it.

Any suggestions would be appreciated

Thanks Peter

[pgruening]

Thanks figured it out

[FxM]

pgruening wrote:
> I'd appreciate help with a formula
>
> I need a formula to calculate the following
>
> 4.5% of any amount up to and equal to $41,100.00 PLUS 6.00% on any
> amount above $41,100.
>
> ie $20,000 would be (20,000 x .045) $900.00
>
> ie $50,000 would be [(41,100 x .05) + (8,900 x .060)] $2,383.50
>
> Thanks Peter
>
>


Hi Peter,

Looks like
=min(amount,41100)*0.045 + (max(amount-41100,0))*0.060

@+
FxM

[Gary''s Student]

If A1 contains the amount then
enter: =IF(A1>41100,1849.5+(A1-41100)*0.06,0.045*A1)
--
Gary''s Student


"pgruening" wrote:

>
> I'd appreciate help with a formula
>
> I need a formula to calculate the following
>
> 4.5% of any amount up to and equal to $41,100.00 PLUS 6.00% on any
> amount above $41,100.
>
> ie $20,000 would be (20,000 x .045) $900.00
>
> ie $50,000 would be [(41,100 x .05) + (8,900 x .060)] $2,383.50
>
> Thanks Peter
>
>
> --
> pgruening
> ------------------------------------------------------------------------
> pgruening's Profile: http://www.excelforum.com/member.php...o&userid=26011
> View this thread: http://www.excelforum.com/showthread...hreadid=478783
>
>

[David Biddulph]

"goober" <[email protected]> wrote in
message news:[email protected]...
>
> Here's one which may work. Just substitute A1 with the cell your
> information is in.
>
> =IF(A1<=41100,A1*.045,(A1*.05)+((A1-41100)*.06))

Or did you mean:
=IF(A1<=41100,A1*.045,(A1*.045)+((A1-41100)*.06)) ?
--
David Biddulph