I started creating an income tax calculator a while ago and income tax where I am is calculated on different bands, for example the first $14,000 is calculated at 10.5%, the next band is $14,000 - $48,000 calculated at 17.5%, the next band is $48,000 - $70,000 at 30% and the final is anything over $70,000 calculated at 33%.
I started using IF>= but I'm having difficulty with the ranges. The first column shows that the $48k - $70k calculation is not returning a number (which for example should be $600) but is blank. IFs may not be the best function. Please will someone kindly have a look at the attached example and see how I can improve the banding formulas.
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