I've been trying to combine the following two formulas with no luck.

=IF(AND(E25<DATE(YEAR(1989),7,1),R41+S41-T41200),200,R41+S41-T41)
and
=IF(AND(E25DATE(YEAR(1989),7,1),R41+S41-T41120),120,R41+S41-T41)

What I need is a formula that says IF E25(a hiring date) was before July
1,1989, a maxium of 200 can be placed in the cell, but, if E25 was after July
1,1989 only a maxium can be placed in the cell, if the maxiums have not been
reached, then R41+S41-T41.

I've tried this several ways, but every time I do, and when I test different
hiring dates, i keep getting the wrong results. Thanks for looking at this
one, in advance....Ben