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The tax rate should be 10% not 12% =IF(G2amp;lt;=319,0,IF(G2amp;lt;=419,(G2-319)*5%,IF(G2amp;lt;=539,(5+(G2-419)*10%),IF(G2amp;lt;=3539,(17+(G2-539)*17.5%),IF(G2amp;lt;=20000,(542+(G2-3539)*25%),4657.25+(G2-20000)*30%)))))