Excel 2007 VB or Formula For Dollar Payouts

Hello,

Hoping someone can assist with either a VB code or formula.  In the attached sample file you'll see a dollar amounts in columns J & K.  I need something that will look at column J and calculate/pay an amount based on $0.50 per $1.00 in each row, up to a maximum amount of $250.00, and place the figure in column L.  If the calculated amount does not match what is in column K then place the difference between the two totals in column M.  The concept is for the end user to look at column M and know how much remaining needs to be paid out.

For example, in the attached workbook:
L2 would equal $250.00 ($2110 * .50 = $1055 but max is $250.00).     M2 would equal $100 (difference between L2 ($250) and K2 ($150)
L3 would equal $6.00 ($12.23 *.50 (dollar only) = $6.00.  M3 would equal $6.00 since $0 in K3

Any assistance would be greatly appreciated!

Thanks
--AFSUSERS1-User1-rvb0508-EE-Example-Jul
LVL 1
EscanabaAsked:
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nutschCommented:
Your sample has not been uploaded properly as an excel file, can you adjust?

Thomas
0
FlysterCommented:
Please see attached. This IF statement is used to get you the value needed in column L:

=IF(J2*0.5>250,250,INT(J2*0.5))

Column M formula is:

=IF(K2=L2,"",L2-K2)

Flyster
DollarPayouts.xlsx
0

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EscanabaAuthor Commented:
Thanks!
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