Create an excel formula that calculates the federal withholding tax
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Use a VLOOKUP function in cell I5 to identify and calculate the federal withholding tax. Use the tax rates from the range D21:E25. The VLOOKUP function returns the applicable tax rate, which you must then multiply by the taxable pay.
In the Cell 'I5' of Sheet 'Payroll Data', the 'Formula Result Value' was not set to '104.35'.
Calculate FICA in cell J5 based on gross pay and the FICA rate (cell B23), and calculate the net pay in cell K5. Copy all formulas down their respective columns to row 16.
In the Cell 'K9' of Sheet 'Payroll Data', the 'Formula' was not set to 'G9-I9-J9'.
In the Cell 'H13' of Sheet 'Payroll Data', the 'Formula' was not set to 'G13-B13*$B$24'.
In the Cell 'H16' of Sheet 'Payroll Data', the 'Formula' was not set to 'G16-B16*$B$24'.
In the Cell 'H9' of Sheet 'Payroll Data', the 'Formula Result Value' was not set to '350'.
In the Cell 'I7' of Sheet 'Payroll Data', the 'Formula Result Va