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Jim Rech
 
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Default need help with formula

Here's two ways:

=MIN(A1,41100)*0.045+MAX(0,A1-41100)*0.06

=A1*0.045+MAX(0,A1-41100)*0.015


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Jim
"pgruening" wrote
in message ...
|
| I'd appreciate help with a formula
|
| I need a formula to calculate the following
|
| 4.5% of any amount up to and equal to $41,100.00 PLUS 6.00% on any
| amount above $41,100.
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| ie $20,000 would be (20,000 x .045) $900.00
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| ie $50,000 would be [(41,100 x .05) + (8,900 x .060)] $2,383.50
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| Thanks Peter
|
|
| --
| pgruening
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