VLOOKUP EXAMPLE 2: Income Tax rate Calculator And since the table doesn’t have an exact match for this search, it retrieved the commission rate for the largest value that is less than the lookup value, (which is $40,000).Īfter you finished writing the formula in the first cell, you can use the fill handle to copy the formula to the rest of the cells. For instance, in the example above, the formula in cell G4 searched to find $46,356 in the first column of the lookup table. VLOOKUP approximate match will search for the largest value that is less than the lookup value. The final argument is set to TRUE which means “approximate match”.The third argument specifies the column in the table from which to pull the commission rate.However, if you still want to use a normal range and not a named range, ensure to make it an absolute reference – like this: $B$4:$C$14. For instance, using B4:C14 is the same range as the commision_Schedule. The table array argument can either be a named range or just a normal range. The second argument is also referring to the table from which to pull the commission rate. ![]()
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