Calculate the federal tax withheld. If an employee has a taxable income of greater than orequal to $$689,$ then the federal tax withheld equals $$110\mathrm{.}85$ plus the federal tax rate found incell B$19$ multiplied by the taxable income in excess of $$689.$ If an employees taxable income is$$689$ or less, the federal tax withheld equals the taxable income multiplied by the federal t a xrate found in cell B$18.$ Use the IF function to calculate the federal tax in Column I