Calculate a cell value based on a different cell value

[Kahar007]

Hi Gurus,

Can somebody help to put the IF nesting formula together, please?

I need to put the following figures in IF NESTING:

Income Offset
up to $37,000 $255
$37,001 to $48,000 $255 plus 7.5 cents for each dollar over $37,000
$48,001 to $90,000 $1,080
$90,001 to $126,000 $1,080 less 3 cents for each dollar over $90,000
ABOVE $126,000 NIL

There should be offset amount for anything above $126,000.

Say suppose if A1 had an amount of $90,000 so B1 will be equal $1080.

What I want to achieve is based on A1 value B1 should change as per the offset rates mentioned above.

Thank you.

 

[Fluff]

Cross posted https://www.excelforum.com/excel-fo...ll-value-based-on-a-different-cell-value.html

While we do not prohibit Cross-Posting on this site, we do ask that you please mention you are doing so and provide links in each of the threads pointing to the other thread (see rule 13 here along with the explanation: Forum Rules).
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[Kahar007]

Apologies - won't happen again