I'd still prefer a vlookup (or maybe two, one for full-time and one for
part-time). But if you like IFs, it can still be simpler... First test for
Y/N, and only then for the years of service. I'm hoping we can assume the
service is always 0...
=IF(A3="Y",IF(E3<1,0.0196,IF(E3<2,0.0273,IF(E3<10, 0.05544,IF(E3<20,0.0766,0.0987)))),IF(A3="N",IF(E3 <2,0.0196,IF(E3<10,0.04,IF(E3<20,0.0612,0.0833))), "invalid status"))
(Note that I'm also eliminating the ANDs by testing for the years of service
in increasing order; if the <2 test fails, I don't have to test for =2 in
the next clause.)

"barnabas" wrote:

I've studied other nested IF posts and can't figure out how to use Vlookup or
a named range on sheet2 to solve my problem. I've accomplished the task but
very clumsily. There are 8 nested IFs so have to use two cells because of the
7 limit.

The spreadsheet is to determine the vacation factor for each employee based
on full time or part time status and years of service.

A3= "N" or "Y" (Full time? yes or no)
E3= years of service
F3: IF(L3,L3,M3) (this is the factor column)
L3:
=IF(AND(A3="N",E30,E3<2),0.0196,
IF(AND(A3="N",E31.9999,E3<10),0.04,
IF(AND(A3="N",E39.9999,E3<20),0.0612,
IF(AND(A3="N",E320),0.0833,M3))))
M3:
=IF(AND(A3="Y",E30,E3<1),0.0196,
IF(AND(A3="Y",E30.9999,E3<2),0.0273,
IF(AND(A3="Y",E31.9999,E3<10),0.0554,
IF(AND(A3="Y",E39.9999,E3<20),0.0766,0.0987))))