View Single Post
  #1   Report Post  
pgruening
 
Posts: n/a
Default calculating different percentages depending on amount


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.

ie $20,000 would be (20,000 x .045) $900.00

ie $50,000 would be [(41,100 x .05) + (8,900 x .060)] $2,383.50

Thanks Peter


--
pgruening
------------------------------------------------------------------------
pgruening's Profile: http://www.excelforum.com/member.php...o&userid=26011
View this thread: http://www.excelforum.com/showthread...hreadid=478783