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How to write If statement for excel for the following problem. Just need help with the formula Calculate the overall Federal Tax using the following

How to write If statement for excel for the following problem. Just need help with the formula

  1. Calculate the overall Federal Tax using the following rule for the federal tax rate:

  1. If Q1 Total Pay=Y, then the Federal Tax Rate is 35%.image text in transcribed
Federal Tax Quarter 1 4847.5 | 4981.5 3946 5100 1680 2010 2938 2625 1960 2292 2478 2335 3052 3652.5 5717.5 5245.5 3697.5 3904 2250 2992 3476 2462 3296 2102.5 3683.5 2857.5 3209 3090

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