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

Posted on 2014-03-31
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Last Modified: 2014-04-01
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
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Question by:badtz7229
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6 Comments
 
LVL 22

Expert Comment

by:Flyster
ID: 39968458
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
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LVL 51

Accepted Solution

by:
Rgonzo1971 earned 500 total points
ID: 39968483
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
 
LVL 33

Expert Comment

by:Rob Henson
ID: 39968692
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
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LVL 33

Expert Comment

by:Rob Henson
ID: 39968718
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
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Author Closing Comment

by:badtz7229
ID: 39969310
thank you . this worked successfully.
0
 

Author Comment

by:badtz7229
ID: 39969311
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.
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