#### Formula needed #2

Right all you clever people, I need a formula for my tax spreadsheet
who can help me?

I'm doing my mileage. I can claim back 40p a mile for the first 4,00
miles, then 25p a mile after that.

I've been using this formula for the 40p a mile: =D75*0.4 (D75 bein
the "total miles" cell)

Fairly straightforward, but how do I make it so it adds 0.4 for th
first 4,000 then 0.25 for everything after that. Is this possible?

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dancingbear7
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9/27/2004 11:55:28 AM
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Try this:

=IF(D75<=4000,D75*0.4,1600+(D75-4000)*0.25)

:cool

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ElsiePO

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 0
9/27/2004 12:06:26 PM
Hi,

Or simply try this:

=MIN(D75,4000)*0.4+MAX(D75-4000,0)*0.25

- Asse

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Jazze
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 0
9/27/2004 12:08:45 PM
Try this formula. I assume your total mileage is in
column A1 and then down e.g. A1, A2, A3 etc..

Example
A       B
1   6000

In cell B1 type...

=IF(A1<=4000,A1*0.4,IF(A1>4000,((4000*0.4)+(A1-4000)
*0.25),""))

This should work.

So if a vlaue is 4000 miles or less then it is just
multiplied by 0.4.
If a value is greater than 4000 e.g. 6000, then the first
4000 is * 0.4 and then the remainder i.e. 6000-4000=2000
is multiplied by 0.25.

You can drag this formula down the Excel sheet.
>-----Original Message-----
>
>Right all you clever people, I need a formula for my tax
>who can help me?
>
>I'm doing my mileage. I can claim back 40p a mile for
the first 4,000
>miles, then 25p a mile after that.
>
>I've been using this formula for the 40p a mile:
=D75*0.4 (D75 being
>the "total miles" cell)
>
>Fairly straightforward, but how do I make it so it adds
0.4 for the
>first 4,000 then 0.25 for everything after that. Is this
possible?
>
>
>
>--
>dancingbear72
>---------------------------------------------------------
---------------
>dancingbear72's Profile:
http://www.excelforum.com/member.php?
action=getinfo&userid=3890
>
>.
>
 0
anonymous (74719)
9/27/2004 12:12:30 PM
Same as others, just slightly different:

=MIN(D75*0.4, 600 + D75/4)

HTH
Dana DeLouis

"dancingbear72" <dancingbear72.1d8qdy@excelforum-nospam.com> wrote in
message news:dancingbear72.1d8qdy@excelforum-nospam.com...
>
> Right all you clever people, I need a formula for my tax spreadsheet,
> who can help me?
>
> I'm doing my mileage. I can claim back 40p a mile for the first 4,000
> miles, then 25p a mile after that.
>
> I've been using this formula for the 40p a mile: =D75*0.4 (D75 being
> the "total miles" cell)
>
> Fairly straightforward, but how do I make it so it adds 0.4 for the
> first 4,000 then 0.25 for everything after that. Is this possible?
>
>
>
> --
> dancingbear72
> ------------------------------------------------------------------------
> dancingbear72's Profile:
> http://www.excelforum.com/member.php?action=getinfo&userid=3890

 0
delouis (422)
9/27/2004 1:33:38 PM

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