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Thread: Bracket Tax Formula

  1. #1
    Join Date
    12th December 2007
    Posts
    2

    Bracket Tax Formula

    I am working with a income statement in excel, and I need to calculate the tax rate on Net Income. I have to calculate this with both positive and negative net income, and insert this into the cell below net income. I also have to account for different tax rates.

    $0$7,500 10.0%
    7,500-30,650 15.0
    30,650 74,200 25.0
    74,200154,800 28.0
    154,800336,500 33.0
    336,500 and up 35.0

    Any help would be greatly appreciated.

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  2. #2
    Join Date
    24th January 2003
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    Australia
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    31,716

  3. #3
    Join Date
    24th April 2007
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    England
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    675

    Re: Bracket Tax Formula

    Perhaps also look here

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  4. #4
    Join Date
    12th December 2007
    Posts
    2

    Re: Bracket Tax Formula

    Thanks for The help. I don't know exactly how I got it to work but I did

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Possible Answers

  1. Calculate Bracket Tax
    By welovevba in forum EXCEL HELP
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    Last Post: July 10th, 2014, 18:06
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