Calculating Total Income Tax

Problem:

We want to use variable-rate Taxable Income Brackets to calculate a person\'s total income tax.

Solution:

Use the INDEX, MATCH, and LOOKUP functions as shown in the following formula: =INDEX(TaxTable,MATCH(C13,Bracket),3)+(INDEX(TaxTable,
MATCH(C13,Bracket)+1,2))*(C13-LOOKUP(C13,Bracket))

Great tip! Works well!