Professional Documents
Culture Documents
Tax Table
Bracket Floor Bracket Ceiling Base Tax Marginal Rate
$0 $17,630 $0 10%
$17,630 $66,950 $1,763 12%
$66,950 $134,750 $7,681 24%
$134,750 $220,560 $23,953 27%
$220,560 $369,090 $47,122 32%
$369,090 $999,999,999 $94,652 35%
Create formulae in the yellow cells to compute Total Tax, given a value for Taxable Income in cell B16.
When you need to look a value up in the tax table, use the VLOOKUP function (do not use MATCH or LOOKUP).
Marginal Tax Total Tax
$25,420.80 $72,543
n cell B16.
MATCH or LOOKUP).