Learn How to Get Basic Tax Rate Calculation With VLOOKUP in Microsoft Excel

Learn How to Get Basic Tax Rate Calculation With VLOOKUP in Microsoft Excel

The main purpose of this formula is to calculate a tax rate based on a simple tax rate table. Here we will learn how to get the basic tax rate calculation with the VLOOKUP function in the given data range in the workbook in Microsoft Excel. That implies, with the help of a formula based on the VLOOKUP function you can able to calculate a tax rate based on a simple tax rate table. So, with the help of this formula, you can able to get the basic tax rate calculation with the VLOOKUP function in the given data range in the workbook in Microsoft Excel.

General Formula to Get Basic Tax Rate Calculation With VLOOKUP 

=VLOOKUP(amount,tax_table,2,TRUE)

The Explanation to Get Basic Tax Rate Calculation With VLOOKUP

So we know that with the help of the given formula above you can able to calculate a tax rate based on a simple tax rate table. Here we will learn how to get the basic tax rate calculation with the VLOOKUP function in the given data range in the workbook in Microsoft Excel. As we know that the VLOOKUP function needs lookup values to be in the first column of the lookup table. As the first column in the example is actually "Band", we are purposely excluding this column from the table range provided to the VLOOKUP function. So now you have learned how to get the basic tax rate calculation with VLOOKUP in the given data range in the workbook in Microsoft Excel.

Check out the list of all other articles:

• Learn How to Get First Text Value With HLOOKUP in Microsoft Excel
• Learn How to Get First Text Value in List in Microsoft Excel
• Learn How to Get First Non Blank Value in List in Microsoft Excel
• Learn How to Get First Match Cell Contains in Microsoft Excel
• Learn How to Get Employee Information With VLOOKUP in Microsoft Excel
• Learn How to Get Cell Content At Given Row and Column in Microsoft Excel
• Learn How to Find Missing Values in Microsoft Excel
• Learn How to Find Longest String With Criteria in Microsoft Excel