I have a tax table in one sheet that has a list of tax values. For example:
Sheet1: Tax Tables
A B C
1 Min Max Taxed
-------------------
2 50 100 10
3 100 200 20
4 200 300 30
In another sheet I have a gross income value of say 120 in cell A1. What I want to do is have a vlookup (I'm assuming that's what I should use) that checks cell A1 to see if it's between the Min and Max and then outputs the taxed amount in B1.
Sheet2: Income
A B
1 Gross FedTax
-----------
2 120 Value from Column C goes here
I already have the sheet in Tax Tables set up with named spaces A:C=Min and B:C=Max I tried doing this:
=AND(VLOOKUP(<A1,Min,3,False),VLOOKUP(>A1,Max,2,FALSE))
But not even close... I just want to check column A in the first sheet to see if it's less than the the value in the second sheet, and check column B in the first sheet against the value in the second for if its more, then put the value in column C in the first sheet into the cell next to the value in the second sheet.