ExcelBanter

ExcelBanter (https://www.excelbanter.com/)
-   New Users to Excel (https://www.excelbanter.com/new-users-excel/)
-   -   Compute Tax? (https://www.excelbanter.com/new-users-excel/447696-compute-tax.html)

[email protected]

Compute Tax?
 
I am trying to build a spreadsheet for client use that takes a given income, in a given month and applies the appropriate marginal rate to that month.

For example, Jan income in column A would show pretax deductions, state tax, FICA tax and then Federal tax.

I would like the income, say 10k in Jan taxed at 10% and then the next months income say 13k, Column B, taxed at the proportionate 10% up to 17,700, with the remaining amount taxed at the next marginal rate of 15%.

I would like to continue this progressive calc throughout the year, adding additional variable income per month that is taxed at the appropriate marginal level.

Thanks!


All times are GMT +1. The time now is 03:43 PM.

Powered by vBulletin® Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
ExcelBanter.com