I'm trying to calculate the actual amount of tax for each tax bracket in the file. I have a formula for column E23:E29. The first portion is evaluating correctly, but when the amount falls between the two ranges in the forumula it stops. Need it to tell me what portion is taxable for each bracket. Thanks!
Last edited by Dayhawk1222; 03-24-2024 at 12:11 PM.
You've attached the wrong file. You sample contains some shaded cells.... and nothing else!
Glenn
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Temporary addition of accented to illustrate ongoing problem to the TT: L? fh?ile P?draig sona dhaoibh
Sorry!!! I just found the content. I'm having a bad-hair-day.
LOL, no worries, I reposted it to make it easier to read. Deleted the top section! Thanks!
Rather than supplying a non-working formula, please populate the file with expected results along with an explanation of HOW you derived them.
Updated the file Kenny. Shows the manual calculation I need to automate.
There's a much easier way to do this, with a little re-jigging of the table:
=SUMPRODUCT(--(L14>$L$5:$L$11),--(L14-$L$5:$L$11),($M$5:$M$11-N(+$M$4:$M$10)))
See the two yellow cells, as a check that the answer is correct.
I don't see any yellow cells
Maybe I attached the wrong file. bad day...
Thanks Glenn, I appreciate it. Think I may have been looking at it the wrong way.
I just don't understand what I was doing wrong. Not sure what I had wrong in the initial formula that made it not evaluate when the number fell between the two ranges. Seemed that the logical test for identifying when it fell between the two numbers was correct, however the "if true" statement would not compute.
Does the formula that I supplied do what you need?
Another proposition.
Formula:
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Yes, it does. Thank you. The 2nd reply was just me trying to figure out why my formula wouldn't compute the 2nd logical test correctly. Trying to learn where I went wrong with it.
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