Income tax bracket calculation
exceljet.net
Income tax bracket calculation
To calculate the total income tax owed in a progressive tax system with multiple tax brackets, you can use a simple, elegant approach that leverages Excel's new dynamic array engine. In the worksheet shown, the main challenge is to split the income in cell I6 into the correct tax brackets. This is done with a single formula like this in cell E7 ...
Oct 26, 2022
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