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jerry_maguire jerry_maguire is offline
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Posts: 25
Default Calculate total income tax on excel

To calculate total income tax based on multiple tax brackets, you can use VLOOKUP. I hope the following formula helps:

=VLOOKUP(inc,rates,3,1)+(inc-VLOOKUP(inc,rates,1,1))*VLOOKUP(inc,rates,2,1)

Regards,
Jerry M.