Excel: how to use if, and or statements to calculate bonus

I need to calculate bonuses for employees based on their salary and number of children they have based on the following table                        
            
      
Please assist?
TABLE.png
badtz7229Asked:
Who is Participating?
I wear a lot of hats...

"The solutions and answers provided on Experts Exchange have been extremely helpful to me over the last few years. I wear a lot of hats - Developer, Database Administrator, Help Desk, etc., so I know a lot of things but not a lot about one thing. Experts Exchange gives me answers from people who do know a lot about one thing, in a easy to use platform." -Todd S.

FlysterCommented:
If you have salary in column A and Kids in column B, use this formula in column C:

=IF(AND(A2<800,B2>=3),300,IF(AND(A2<800,B2>0),150,IF(AND(A2<1000,B2>=3),200,IF(AND(A2<1000,B2>0),100,IF(AND(A2<1200,B2>=3),120,IF(AND(A2>=1200,B2>=3),60,IF(AND(A2>=1200,B2>0),50,0)))))))

Flyster
CalcBonus.xlsx
0
Rgonzo1971Commented:
Hi,

Or you could use

=MAX(IF(AND(A1<800,B1>=3),300),IF(A1<800,150),IF(AND(A1<1000,B1>=2),200),IF(A1<1000,100),IF(AND(A1<1200,B1>=3),120),IF(AND(A1>1200,B1>=3),60),50)

Open in new window

Regards
0

Experts Exchange Solution brought to you by

Your issues matter to us.

Facing a tech roadblock? Get the help and guidance you need from experienced professionals who care. Ask your question anytime, anywhere, with no hassle.

Start your 7-day free trial
Rob HensonFinance AnalystCommented:
If you were to reformat your table with Salary down the side, number of kids across the top and bonus in the grid, you could use an INDEX or MATCH lookup to find your required value.

Thanks
Rob H
0
Ultimate Tool Kit for Technology Solution Provider

Broken down into practical pointers and step-by-step instructions, the IT Service Excellence Tool Kit delivers expert advice for technology solution providers. Get your free copy now.

Rob HensonFinance AnalystCommented:
By having a grid as suggested above I was able to get the attached results.

Question though, what happens for those with no kids? I have assumed zero bonus.

Thanks
Rob H
Bonus-chart.xlsx
0
badtz7229Author Commented:
thank you . this worked successfully.
0
badtz7229Author Commented:
Flyster your solution worked but not entirely.
For the condition where :
salary kid
850            0
900            2
900            0

it returned 0. where in fact, it should've returned 100,200,100 respectively.
0
It's more than this solution.Get answers and train to solve all your tech problems - anytime, anywhere.Try it for free Edge Out The Competitionfor your dream job with proven skills and certifications.Get started today Stand Outas the employee with proven skills.Start learning today for free Move Your Career Forwardwith certification training in the latest technologies.Start your trial today
Microsoft Excel

From novice to tech pro — start learning today.

Question has a verified solution.

Are you are experiencing a similar issue? Get a personalized answer when you ask a related question.

Have a better answer? Share it in a comment.