Formula that calculates a tiered bonus

[aksoozm17]

I am looking for help figuring out a formula that will calculate the following:

[TABLE="width: 500"]
<tbody>[TR]
[TD]Range[/TD]
[TD]Bonus (per million)[/TD]
[/TR]
[TR]
[TD]$7 Million - $16 Million[/TD]
[TD]$5,000[/TD]
[/TR]
[TR]
[TD]$17 Million - $27 Million[/TD]
[TD]$2,500[/TD]
[/TR]
[TR]
[TD]$28 Million +[/TD]
[TD]$1,000[/TD]
[/TR]
</tbody>[/TABLE]

Thank you!

 

[JoeMo]

You didn't say what you want if amount is between 16 and 17 or between 27 and 28 so I assumed those would be treated proportionately.

Excel Workbook
	A	B
1	Amount($M)	Bonus($)
2	29	$29,000
Sheet1

 

[Fluff]

Cross posted https://www.excelforum.com/excel-fo...that-calculates-a-tiered-bonus-structure.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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[Dave Patton]

Attention: aksoozm17

What amount do you calculate with 29,000,000?

 

[Dave Patton]

aksoozm17 did not reply

Assumptions:
- tiered calculation is required
- brackets and rates are as shown

Excel 2010
	A	B	C	D	E	F	G
1	Amount	Bonus			Bracket	Rate	Rate Differential
2	29,000,000	78,500.00	$78,500		0	0	0.00%
3	5,500,000	0.00			7,000,000	0.50%	0.50%
4	18,222,222	53,055.56			17,000,000	0.25%	-0.25%
5					28,000,000	0.10%	-0.15%
6
7	T201811a	3d
8
3d

Cell Formulas
Range	Formula
B2	=SUMPRODUCT(--(A2>rB),A2-rB,rDiff)
C2	=SUMPRODUCT(--(A2>{0;7000000;17000000;28000000}),A2-{0;7000000;17000000;28000000},{0;0.005;-0.0025;-0.0015})
G2	=F2-N(F1)
F3	=5000/1000000

Named Ranges
Name	Refers To	Cells
rB	='3d'!$E$2:$E$5
rDiff	='3d'!$G$2:$G$5