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Tiered Results Formula with Multiple Outcomes
Our take
Building a tiered results formula for payroll can streamline your calculations and ensure accuracy in employee compensation based on their pay plans. For your specific scenario, you can use the IF function to assign different percentages based on the total amount in a single cell. Here’s a straightforward formula:
`=IF(A1<=100, A1*0.01, IF(A1<=300, A1*0.0125, A1*0.015))`
This formula checks the value in cell A1 and applies the appropriate percentage based on your defined tiers, making it easy to adapt as
I know the basics but I'm a lil stumped on a formula to use for this specific situation. I have to build payroll spreadsheets for every employee based on their pay plans. Some of their plans were changed where they get a larger percentages based on the gross total for that month.
To keep it simple, how would I build something to give a different percent based on the total in one cell. Just to keep it simple for this example.
0-100 pays 1%
101-300 pays 1.25%
300+ pays 1.5%
I've done similar IF formulas but never quite exactly like this situation. I appreciate the help, as I'm still just learning and couldn't find an exact answer from Google based on how I was trying to phrase it.
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