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formula text in cell instead of being calculated

  1. #1
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    formula text in cell instead of being calculated

    I have this matrix setup for using these two functions:

    \1

    the formula for the last line, my row, is:
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    J23 = START ROW
    J24 = END ROW
    M8 = income amount I'm using

    I don't have enough experience to read it and figure it out quick. the table that all these formulas get info from is:

    \1

    What I'm getting though, is the change of my rates, mandatory tax, ceiling (and so on) ON the ceiling numbers, instead of on the numbers $1 dollar above them. For instance, income of $0 is giving me a rate of 10%, and so on.

    I don't know which number to change in the "My Row" formula to get what I need. Basically, the 10% rate should start at $1, 15% should start when income hits $8376, and so on.

    Can you guys give me a push here? Any help would certainly be great. Thanks!

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    Re: formula text in cell instead of being calculated

    Hi,

    Upload the workbook so that we can take a look. Pictures of workbooks don't really help. We like to see the problem in context.

    Regards
    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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    Re: formula text in cell instead of being calculated

    I'm not sure how to nail the problem down exactly. It's pretty self explanatory:

    http://www.thefourws.com\forums\exce...mator_test.xls

    change the taxable income cell to test whether it works or not. Right now, it does not. It's off a row or two.

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    Re: formula text in cell instead of being calculated

    Hi,

    Can you give some examples as to what you're trying to achieve since it's not immedliately obvious - to me at least. State what your input values are and what results you expect to see - and where, - and importantly why.

    In C24 =INDEX(LookupData!$C:$C,$C$24-1) probably gives you what you want but I can't help thinking there is a more elegant way of achieving what you want perhaps with a more structured layout.

    Regards

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    Re: formula text in cell instead of being calculated

    Richard,

    first of all, there is a new file there. the first one did not have all the descriptors in the right places on the first sheet. so you might want to download again.

    I'm an accountant so it's hard to tell you what I'm doing. I want 3 things: the tax rate to match to the table I have on sheet 2, the mandatory tax formula to work correctly, and the "ceiling" number to match.

    do you know much about tax? The only inputs are: Taxable Income, and Filing Status. As you can see from the file, Income in 0, and the "My Row" formula gives me row #5, which of course yields the following results in the other formulas:

    Rate: 10%
    Mandatory: 0 (this is right, but the formula is still looking at the wrong line)
    Ceiling: 8375

    and of course, if the "My Row" formula was working correctly, the results should be:


    Rate: 0%
    Mandatory: 0 from line 4, NOT 5
    Ceiling: 0

    Does all of that make sense? The above examples I gave as references are using these inputs on the first sheet:

    Filing Status: 1
    Taxable Income: 0

    If those numbers are not already there when you download it again, change them and you'll see what I'm referring to.

    As far as there being a more elegant way, YES, there is, as the guy that suggested this way also suggested a more efficient way before that....but then again, I hate Excel, so the more info I have the better. The more efficient things are, the more complex they are, and the more I don't want to try and update it because I don't have any expertise in Excel. Hence, he drew this simple picture for me that I implemented (and I didn't even ask for).

    Thanks, sir!
    Last edited by ajetrumpet; 03-17-2011 at 10:41 PM.

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    Re: formula text in cell instead of being calculated

    Hi,

    Don't despair, I'm an accountant too, or was in my previous existence before I retired, so I do know just a little bit about tax

    I'd also take issue with your thoughts that the more efficient something is the more complex. I'd argue the complete opposite. But then I've been dealing with spreadsheets since the very first Viscalc in 1979 on the very first Apple II


    There was a typo in my last post. I should have referred to C19 & C20. So to repeat

    in C19
    =INDEX(LookupData!$C:$C,$C$24-1)
    in C20
    =INDEX(LookupData!$D:$D,$C$24-1)

    Regards

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    Re: formula text in cell instead of being calculated

    Richard,

    Glad to hear someone like me is out there! =) I'm a natural programmer, and I have a database point of view, so flat referencing in a 2-dimensional format is really not my thing. I'm sure you can understand that.

    But anyway, I did try your correction, and it still does not get me what I need. I did figure out a way around this problem though. See my thread here: http://www.excelforum.com/excel-gene...eral-text.html

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