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Help creating a formula

  1. 05-29-2017, 01:31 PM #1
    tdk595
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    Red face Help creating a formula

    Hey All!

    Thanks for looking at this - what i need is above my skill set in excel. If this is possible id really appreciate some guidance!

    I am looking for a formula that will aid in calculating my pay. I get paid on a tiered scale over a 12-month period. I need to calculate my monthly pay:

    I receive 35% of my first $40,000 in billing
    70 % of billings between $40,001 and $100,000
    and 75% of $100,001+

    I think i will need a column for my individual monthly billings, and a 12 month cumulative column to perform the checks?, but i am struggling to put the formula together for the third column.

    Any help is greatly appreciated.

    Travis.
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  2. 05-29-2017, 02:17 PM #2
    tim201110
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    Re: Help creating a formula

    =VLOOKUP(SUM($E$4:E4),$A$1:$C$3,3)+VLOOKUP(SUM($E$4:E4),$A$1:$C$3,2)*(SUM($E$4:E4)-IFERROR(INDEX($A$1:$A$3,MATCH(SUM($E$4:E4),$A$1:$A$3)-1),))-SUM($F$3:F3)
    in the attached file
    Attached Files Attached Files
    Last edited by tim201110; 05-29-2017 at 03:04 PM. Reason: crrect a an error
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  3. 05-29-2017, 03:28 PM #3
    Richard Buttrey
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    Re: Help creating a formula

    Hi,

    One way

    Formula: copy to clipboard 
    Please Login or Register  to view this content.
    Richard Buttrey

    RIP - d. 06/10/2022

    If any of the responses have helped then please consider rating them by clicking the small star icon below the post.
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  4. 05-30-2017, 02:25 AM #4
    FDibbins
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    Re: Help creating a formula

    tdk595 welcome to the forum

    Please take a moment to read the forum rules and then amend your thread title to something descriptive of your problem - not what you think the answer might be. (think google search terms?). Once you have done this please send me a PM and I will remove this request. (Also, include a link to your thread - copy from the address bar)

    Many members search our previous posts, and thread titles play a big part of the search. I doubt anybody would do a search based on your title?

    To change a Title on your post, click EDIT POST then Go Advanced and change your title, if 2 days have passed ask a moderator to do it for you.

    (note: this change is not optional )
    1. Use code tags for VBA. [code] Your Code [/code] (or use the # button)
    2. If your question is resolved, mark it SOLVED using the thread tools
    3. Click on the star if you think someone helped you

    Regards
    Ford
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