Array of min fucntions

HVCompleto

New Member
Joined
Aug 28, 2017
Messages
5
Good afternoon,

I am trying to apply a tax bracket in my model, and wanted to use a simple formula to calculate my tax expense, I have a table displayed as follows

ABC
1CIT rateMaximum ProfitProfit
20
322.5%1,50036,500
425.5%7,500
527.5%35,000
631.5%

<tbody>
</tbody>

I wanted a formula similar to this:

{=MIN(C2-B2:B5,IF(B3:B6=0,C3,B3:B6)-B2:B5)*A3:A6}

However, the MIN fuction returns just one value, instead of an array with the minimus between two values, which is what I would like.

Is there any simple way to solve this issue? I have achiveved the same with nested IF functions, but given that this formula is supposed to be auditable, a long nested if function is not ideal.

Thank you !
 

Excel Facts

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