Calculate number based on IF formula

[DAMURPH]

I need to calculate a number in a cell based on IF formula. If salary is $20,000,000 over allowed baseline - then penalty is $4.75. At each additional $5,000,000 penalty increases by factor of $.50. So in perfect world a formula to calculate these incremental values.
$20,000,000 over allowed baseline salary times $4.75 penalty
$25,000,000 times $5.25 penalty
$30,000,000 times $5.75 penalty
$35,000,000 times $6.25 penalty
Include every $5,000,000 increment to $60,000,000


Lastly, if salary is $21,000,000 for example that penalty should be approx. $4.85? This indicates 20% of .50 as an increment. $22,000,000 would be 40% of .50 or approx. $4.95 x $22,000,000. And so on and on. Is this correct? How may I write this formula that will calculate number based on figure in another cell? I will have one cell for total salary, another cell for final penalty given rate above. Thanks!


Not nimble enough with Excel I've given up after several days.


A cell that automatically calculates value based on number in another cell.

 

[Snakehips]

DAMURPH,

With baseline salary in B1 and actual salary in B2, try....

=IF(AND(B2-B1>=20000000,B2-B1<=60000000),4.75+((B2-B1-20000000)*0.0000001))

or you could use cell references to the limits and rate.

Hope that helps.

 

[DanteAmor]

You need something like this:

<table border="1" cellspacing="0" style="font-family:Calibri,Arial; font-size:11pt; background-color:#ffffff; "> <colgroup><col style="font-weight:bold; width:30px; " /><col style="width:89.35px;" /><col style="width:91.25px;" /></colgroup><tr style="background-color:#cacaca; text-align:center; font-weight:bold; font-size:8pt; "><td > </td><td >A</td><td >B</td></tr><tr style="height:19px ;" ><td style="font-size:8pt; background-color:#cacaca; text-align:center; " >1</td><td style="background-color:#ffff00; font-weight:bold; text-align:center; ">SALARY</td><td style="background-color:#ffff00; font-weight:bold; text-align:center; ">PENALTY</td></tr><tr style="height:19px ;" ><td style="font-size:8pt; background-color:#cacaca; text-align:center; " >2</td><td style="color:#333333; font-family:Verdana; font-size:9pt; text-align:right; ">24,000,000</td><td style="text-align:right; ">5.15</td></tr></table><br /><table style="font-family:Arial; font-size:10pt; border-style: groove ;border-color:#00ff00;background-color:#fffcf9; color:#000000; "><tr><td ><b></b></td></tr><tr><td ><table border = "1" cellspacing="0" cellpadding="2" style="font-family:Arial; font-size:9pt;"><tr style="background-color:#cacaca; font-size:10pt;"><td >Cell</td><td >Formula</td></tr><tr><td >B2</td><td >=4.75+(A2/20000000-1)*2</td></tr></table></td></tr></table>