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Advanced Excel Formulas & Analysis · Exercise 6 of 10 · Logical functions · Intermediate · 25 min · Premium

Conditional Bonus Calculator

Turn a written bonus policy into one formula: a tiered rate by target attainment, a tenure add-on, a cap and a rating that can cancel the bonus.

What you will practise: Translate a multi-condition policy into a formula that combines IFS or nested IF with an add-on, a cap and an override, and that is right exactly on the boundaries.

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