I just reread my post and I have a feeling I made a mistake because

3200-C5 in your example would produce 200, when really you want 3000-1600 to
give you 1400... so to fix that

Change the line that says 3200-C5 to C5-1600. Then it should work. Sorry

"akphidelt" wrote:

Try this for the first level

=If((C5-1600)0,1600*.0225,(1600-C5)*.0225)

For the second level

=If((C5-3200)0,1600*.0275,If(C51600,(3200-C5)*.0275,0))

This is untested, but maybe it will work, haha

"tracyjollf" wrote:

Can a cell be formulated to reflect a value based on the following situation?

Cell C5 is $34000.00; the first $1600.00 of that amount + the value of C7
needs to be multiplied * 2.25%. That value will be in cell C10. ALSO,
Cell C5 is $34000.00; the second $1600.00 up to $3200.00 needs to be
multiplied * 2.75%. That value will be in cell C11.

EXAMPLE: $34000.00
1st level 1600.00 * 2.25% = $36.00
2nd level 1600.00 * 2.75% = $44.00

ANOTHER EXAMPLE: $3000.00
1st level 1600.00 * 2.25% = $36.00
2nd level 1400.00 * 2.75% = $38.50

I am using Excel 2003 version.