Tiered Pay Scale Calculations
I am calculating a multi tiered pay scale based on earnings:
0-200,000 net earnings = a bonus of 10% of the earnings 200,001-400,000= 15% bonus for this tier 400,001-1,000,000= 20% bonus for this tier and so on... I want to be able to enter a value in a cell and have it calculate the total bonus. IN this example a Net Earnings of $500,000 should result in a bonus of aprox. $70,000 ($20,000 for first tier, $30,000 for second, and $20,000 for the third). Please Help |
Hi
might be an easier way, but here's one option =IF(A1200000,IF(A1400000,(A1-400000)*0.2+50000,(A1-200000)*0.15+20000),A1*0.1) Cheers JulieD "AZapata" wrote in message ... I am calculating a multi tiered pay scale based on earnings: 0-200,000 net earnings = a bonus of 10% of the earnings 200,001-400,000= 15% bonus for this tier 400,001-1,000,000= 20% bonus for this tier and so on... I want to be able to enter a value in a cell and have it calculate the total bonus. IN this example a Net Earnings of $500,000 should result in a bonus of aprox. $70,000 ($20,000 for first tier, $30,000 for second, and $20,000 for the third). Please Help |
On Wed, 8 Dec 2004 18:35:04 -0800, "AZapata"
wrote: I am calculating a multi tiered pay scale based on earnings: 0-200,000 net earnings = a bonus of 10% of the earnings 200,001-400,000= 15% bonus for this tier 400,001-1,000,000= 20% bonus for this tier and so on... I want to be able to enter a value in a cell and have it calculate the total bonus. IN this example a Net Earnings of $500,000 should result in a bonus of aprox. $70,000 ($20,000 for first tier, $30,000 for second, and $20,000 for the third). Candidate for a VLOOKUP table |
Take a look at the commission example he
http://www.mcgimpsey.com/excel/variablerate.html In article , "AZapata" wrote: I am calculating a multi tiered pay scale based on earnings: 0-200,000 net earnings = a bonus of 10% of the earnings 200,001-400,000= 15% bonus for this tier 400,001-1,000,000= 20% bonus for this tier and so on... I want to be able to enter a value in a cell and have it calculate the total bonus. IN this example a Net Earnings of $500,000 should result in a bonus of aprox. $70,000 ($20,000 for first tier, $30,000 for second, and $20,000 for the third). Please Help |
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