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Formula Help - Tiered Annual Commission Structure by Monthly Payout

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    Exclamation Formula Help - Tiered Annual Commission Structure by Monthly Payout

    Hello,
    I am working on a Commission Calculator for my sales team, and I am hitting a wall on the formula for a Monthly Payout based on an Annual Commission Structure. I'm sure this is a simple fix for one of you Excel Gurus. Please help!

    Annual Sales/Commission Rate:
    0-100,000 = 10%
    100,001-200,000 = 11%
    200,001-300,000 = 21%
    300,001-350,000 = 25%
    350,001- 400,000 = 30%
    400,001 + = 35%

    Example (July - June Fiscal):
    John sells 50,000 in July, he gets 10% commission in July
    John sells 75,000 in August, he gets 10% on 50,000 and 11% on the remaining 25,000 for August
    John sells 10,000 in September, he gets 11% on that 10,000 in September
    John sells 75,000 in October, he gets 11% on 65,000 and 21% on the remaining 10,000 in October
    John sells 10,000 in November, he gets 21% on that 10,000 in November

    and so on......

    I have attached my file if someone would be so kind to help with this formula for Row 14 (Columns B-M). The Rep will manually add their monthly sales in Row 11 (Disregard Row 12)

    THANK YOU IN ADVANCE!
    K8JXN
    Attached Files Attached Files

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