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VLOOKUP tax rate calculation

VLOOKUP tax rate calculation

This example uses the VLOOKUP function to calculate a simple tax rate. In the example shown, the formula in C5 is: =VLOOKUP(B5,tax_data,2,1) where tax_data is the named range F5:G9. As the formula is copied down column C, the VLOOKUP function looks up the income in column B in the range F5:F9 and returns the correct tax rate from the range G5 ...

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