need help with formula #10

I'd appreciate help with a formula

I need a formula to calculate the following

4.5% of any amount up to and equal to $41,100.00 PLUS 6.00% on an
amount above $41,100.

ie $20,000  would be (20,000 x .045) $900.00

ie $50,000 would be [(41,100 x .05) + (8,900 x .060)] $2,383.50

Thanks Pete

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10/24/2005 1:50:21 PM
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I used
=IF(A1>41100,(A1-41100)*6%+(41100*4.5%),A1*4.5%)

Some notes and ideas: you can use cell references in place of the
41100, the 6%, and the 4.5% and enter those values in those cells,
rather than hardcode them.

0
CycleZen (674)
10/24/2005 2:30:40 PM
Here's two ways:

=MIN(A1,41100)*0.045+MAX(0,A1-41100)*0.06

=A1*0.045+MAX(0,A1-41100)*0.015


-- 
Jim
"pgruening" <pgruening.1xetia_1130162708.9183@excelforum-nospam.com> wrote 
in message news:pgruening.1xetia_1130162708.9183@excelforum-nospam.com...
|
| I'd appreciate help with a formula
|
| I need a formula to calculate the following
|
| 4.5% of any amount up to and equal to $41,100.00 PLUS 6.00% on any
| amount above $41,100.
|
| ie $20,000  would be (20,000 x .045) $900.00
|
| ie $50,000 would be [(41,100 x .05) + (8,900 x .060)] $2,383.50
|
| Thanks Peter
|
|
| -- 
| pgruening
| ------------------------------------------------------------------------
| pgruening's Profile: 
http://www.excelforum.com/member.php?action=getinfo&userid=26011
| View this thread: http://www.excelforum.com/showthread.php?threadid=478763
| 


0
jrrech (1932)
10/24/2005 2:31:49 PM
Assuming your Amount is in Column A:

=IF(A1>41100,(41100*.045)+(A1-41100)*.06, A1*.045)

"pgruening" wrote:

> 
> I'd appreciate help with a formula
> 
> I need a formula to calculate the following
> 
> 4.5% of any amount up to and equal to $41,100.00 PLUS 6.00% on any
> amount above $41,100.
> 
> ie $20,000  would be (20,000 x .045) $900.00
> 
> ie $50,000 would be [(41,100 x .05) + (8,900 x .060)] $2,383.50
> 
> Thanks Peter
> 
> 
> -- 
> pgruening
> ------------------------------------------------------------------------
> pgruening's Profile: http://www.excelforum.com/member.php?action=getinfo&userid=26011
> View this thread: http://www.excelforum.com/showthread.php?threadid=478763
> 
> 
0
BekkiM (14)
10/24/2005 2:33:03 PM
Hi
Try something likes this assuming figure in a1
=if(a1>41100,(a1-41100)*.060+41100*.045,a1*.045)
Tina
"pgruening" wrote:

> 
> I'd appreciate help with a formula
> 
> I need a formula to calculate the following
> 
> 4.5% of any amount up to and equal to $41,100.00 PLUS 6.00% on any
> amount above $41,100.
> 
> ie $20,000  would be (20,000 x .045) $900.00
> 
> ie $50,000 would be [(41,100 x .05) + (8,900 x .060)] $2,383.50
> 
> Thanks Peter
> 
> 
> -- 
> pgruening
> ------------------------------------------------------------------------
> pgruening's Profile: http://www.excelforum.com/member.php?action=getinfo&userid=26011
> View this thread: http://www.excelforum.com/showthread.php?threadid=478763
> 
> 
0
Tina (84)
10/24/2005 2:37:14 PM
THANKS all for your help!

Peter


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0
10/24/2005 4:03:34 PM
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