Hi, I'm trying to come up with the formula for excel that will help me with this exercise: Enter a logical function in cell F5 that calculates employee FICA withholding. If the employee is full-time and has at least one dependent, then he or she pays 7% of the annual salary minus any deductions. All other employees pay 5% of the annual salary minus any deductions. The FT/PT is in column B, Dependents on C, Salary in D, Deductions in E.

Can you help me to get the formula I would use?