Formula for tax calculation

Asked by VanAlex in Microsoft Excel Spreadsheet Software

Tags: formula, tax, calculation

Hi!

I need a formula that will calculate the tax amount in this conditions:

0 to 2000 - Tax=0%
2001 to 5000 - Tax=2% over the excess of 2000
5001 to 10000 - Tax=60+4% over the excess of 5000
10001 to 15000 - Tax=260+6% over the excess of 10000
15001 to 20000 - Tax=560+8% over the excess of 15000
20001 to 3000 - Tax=960+10% over the excess of 15000
30001 to 50000 - Tax=1960+12,5% over the excess of 15000
greater than 50001 - Tax=4460+15% over the excess of 15000