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excel formula

Project details

I need a fairly simple excel formula. I want to insert an income amount. From that entry, I need the formula to calculate a percentage of the amount in a tiered format. IE. I enter $1,000,000. The tiers would be as follows: 0 – 250,000 = 6%, 250,001 – 500,000 would be 5%, 500,001 – 750,000 would be 4%, and 750,001 to 1,000,000 would be 3%. Anything over 1,000,000 would be 0 as 1 mil would be the cap. Then I need these totals to be calculated into one total amount. If I enter 1,000,000 or more the amount would be 45,000: 6% of the first 250K = 15,000, 5% of the next 250K = 12,500, 4% of the next 250K = 10,000 and the last 250K = 7500 for a total of 45,000. Thanks

Awarded to:

Project budget: $10 USD
budget limits: $10-30 USD
number of bids: 10
average bids: $22

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Awarded to:

Project budget: $10 USD
budget limits: $10-30 USD
number of bids: 10
average bids: $22

Project details

I need a fairly simple excel formula. I want to insert an income amount. From that entry, I need the formula to calculate a percentage of the amount in a tiered format. IE. I enter $1,000,000. The tiers would be as follows: 0 – 250,000 = 6%, 250,001 – 500,000 would be 5%, 500,001 – 750,000 would be 4%, and 750,001 to 1,000,000 would be 3%. Anything over 1,000,000 would be 0 as 1 mil would be the cap. Then I need these totals to be calculated into one total amount. If I enter 1,000,000 or more the amount would be 45,000: 6% of the first 250K = 15,000, 5% of the next 250K = 12,500, 4% of the next 250K = 10,000 and the last 250K = 7500 for a total of 45,000. Thanks

Skills: Data EntryExcel

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skills of Ammara H.

skill ? level ? projects ?
Charts
40%
3
PDF
35%
3
Word
35%
3
Infographics
35%
3
Data Entry
34%
7
Data Processing
34%
3
Excel
34%
10
English (US) Translator
34%
3
Translation
34%
3
Data Analysis
34%
1
Data Analytics
34%
1
Data Science
34%
1
Data Visualization
34%
1
Data Warehousing
34%
1
Data Mining
34%
1

Some Ammara H. projects

Project Title Skills required in the project
Excel Formulas and Conditional Formatting/VLookup Data Entry  Data Processing  Excel  Visual Basic 
Simple Excel Macro to copy columns and format text Data Entry  Data Processing  Excel  Excel Macros  Visual Basic 
Word Document merge fields from Excel File Data Entry  Data Processing  Excel  PDF  Word 
Create a graph Charts  English (US) Translator  Excel  Infographics  Translation 
excel formula Data Entry  Excel 

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