How to use multiple if statements?

B

Brett

Does Excel 2002 offer something that will replace using multiple if
statements (if that is possible)?

Say I am calculating state taxes. If income meets a certain range, I
apply a specific tax amount. I need a way to test that the income is
within the range. How can this be done?

Thanks,
Brett
 
D

Domenic

Does Excel 2002 offer something that will replace using multiple if
statements (if that is possible)?

Say I am calculating state taxes. If income meets a certain range, I
apply a specific tax amount. I need a way to test that the income is
within the range. How can this be done?

Thanks,
Brett

One way,

Assuming that you enter your table in column A and B, set-up something
like this:

INCOME TAX RATE
$0.00 15%
$10,000 20%
$20,000 25%
$30,000 30%

Then, enter the text "Income:" in a cell, lets say A9
Enter the text "Tax Rate:" in A10
Enter this formula in B10: =IF(B9=0,0,VLOOKUP(B9,A2:B5,2))

It should look something like this:

Income:
Tax Rate: 0.3

Now, whenever you enter an income amount in cell B9, you'll
automatically be given the tax rate for that income bracket.

Hope this helps!
 

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