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Income tax withholding tables in Excel?
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jerry_maguire
Junior Member
Posts: 25
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.
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