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I'm working on my excel assignment and was wondering what would be the formula for the Federal Withholding Tax using VLOOKUP Function, the numbers should
I'm working on my excel assignment and was wondering what would be the formula for the Federal Withholding Tax using VLOOKUP Function, the numbers should look like the one in the sample I've attached here. Thanks very much.
3) For the Regular Pay and Overtime Pay formulas, you MUST use the IF function. For the Federal Withholding Tax formulas, you MUST use the VLOOKUP function. For the Employee bins, you MUST use the FREQUENCY function. 5. Federal withholding tax is calculated on the taxable pay based on the tax table. No. of Dependents 2 1 3 1 Hourly Wage 9.95 9.55 11.75 11.75 10 9.55 15.75 12.25 13.35 Name Abram Acosta Bordeaux Higinbotham lanziti Jaussi Ling Munoz Riley Sabey Trujillo Weston 1 Federal Hours Overtime Withholding Worked Regular Pay Pay Gross Pay Taxable Pay Tax 48 $ 398.00 $ 119.40 $ 517.40 $ 417.40 $ 104.35 48 $ 382.00 $ 114.60 $ 496.60 $ 446.60 $ 111.65 50 $ 470.00 $ 176.25 $ 646.25 $ 496.25 $ 138.95 35 $ 411.25 $ 411.25 $ 361.25 $ 90.31 40 $ 400.00 $ 400.00 $ 350.00 $ 87.50 44 $ 382.00 $ 57.30 $ 439.30 $ 389.30 97.33 40 $ 630.00 $ 630.00 480.00 134.40 20 $ 245.00 $ 245.00 $ 145.00 $ 21.75 38 $ 507.30 $ 507.30 $ 357.30 $ 89.33 45 $ 400.00 $ 75.00 $ 475.00 $ 375.00 $ 93.75 15 $ 149.25 $ 99.25 $ 14.89 41 $ 470.00 $ 17.63 $ 487.63 $ 387.63 $ 96.91 1 3 2 3 2 1 2 149.25 9.95 11.75Step by Step Solution
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