Goska...
Good news, I added the 8th 'IF' statement - IF(P27>=18333333,((P27-18333333)*0.35)+6416667) - for taxable income of $18,333,333 and greater - and it's working. Again, awesome!
However, this 'IF' statement - IF(I25<=150000,"40,000.00...
Goska...AWESOME, many thanks.
Your revised version works...smack-on! However, now I need to ask how do I add an 8th 'IF' statement to the same cell for taxable income of $18,333,333 or greater? Assuming the following - IF(P27>=18333333,((P27-18333333)*0.35)+6416667) - to be a correct 'IF'...
I'm trying to set-up and 'IF' formula to calculate a tax based on a IRS corporate tax schedule that must incle all of the applicable tax rates
To do so, I've built the following 'IF' statement but I can't get it to calculate the tax properly...
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