VLOOKUP Excel 2010

Posted on 2011-10-29
Last Modified: 2012-08-14
You guys please help me out, I have an issue with VLOOKUP. I need to compute the income tax based upon the following schedule.
If gross pay <5,000, the tax rate is 15%.
If gross pay <7,000, the tax rate is 20%.
If gross pay <10,000, the tax rate is 25%.
Otherwise, the tax rate is 28%.

Employee ID          Dept                 Gross Pay                  Income Tax
92-5601                  HR                        3,000       
77-3407                  IT                         5,000       
66-1000                  ACCTG                15,000       
77-3410                  FINANCE            14,000       
95-6688                  IT                          7,000       
99-8989                   HR                          4,000
TOTAL                                        $    48,000        $                 -  

Question by:perla1962
    LVL 50

    Expert Comment


    with the gross pay in A1


    Adjust to suit.

    cheers, teylyn
    LVL 9

    Accepted Solution

    Hi, Please find attached solution...

    Author Comment

    I tried but I get error message.  here is the file.
    LVL 9

    Expert Comment

    I opened the attached file but did not receive any error. Please let us know the error you are receiving along with the version of EXCEL.


    Author Comment

    I found the erro thank you I got it.


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