If A1 contains the amount then
enter: =IF(A141100,1849.5+(A1-41100)*0.06,0.045*A1)
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Gary''s Student


"pgruening" wrote:


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


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pgruening
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