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How do I use the AND function in Excel?
I want to set several different percentages to several ranges of income, BUT the income varies if the situation is for a single person, married person, etc.
This is part of my failed equation, but you might understand my thinking...
=IF(AND(B43="single", D13<33950,"15")).
There may be an easier way, but I dont know it. Please advise!
A little more background.... This spreadsheet is for phone interviews with prospects so their information is typed in, such as "Married", and income of $40K, they fall within the proper tax bracket (25% is set for $33,951 - $68,525)
1 Answer
- CozmosisLv 71 decade agoFavorite Answer
So you have different percentages for single vs married AND different income levels.
I would recommended you make a look-up table on your sheet.
Say J2 to J10 has the max income cut-off levels for each percentage
K1 has "Single"
L1 has "Married"
K2 to L10 has the percentages
B2 indicates the Single/Married status to look-up
D13 is the income level to look-up
=INDEX($K$2:$L$10, MATCH(D13, $J$2:$J$10,1), MATCH(B2, $K$1:$L$1,0))
.
Source(s): INDEX MATCH - Excel Index Function and Excel Match Function http://www.contextures.com/xlFunctions03.html