Need help with this Excel formula. it states 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?

Beta Manufacturing Employee Withholdings Employee ID Status 7276 FT 9858 PT 8936 FT 6881 FT 3852 FT 6580 PT 4772 FT 4296 PT 8884 FT 9916 FT 5803 FT 8708 FT 5565 PT 6142 PT 8164 FT 4338 FT 5833 PT 6060 FT 2559 PT 5569 PT 3488 PT 7353 PT 4990 PT 4785 PT 3040 FT 8087 PT 4474 PT 4251 PT 5324 PT 3123 PT Dependents 4 2 4 5 1 5 0 3 4 5 4 1 1 0 2 1 5 4 4 4 1 4 1 5 1 4 0 4 5 0 Employee ID Status 7276 FT 8936 FT 6881 FT 3852 FT 8884 FT 9916 FT 5803 FT 8708 FT 8164 FT 4338 FT Dependents 4 4 5 1 4 5 4 1 2 1 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ Salary 90,212 18,984 42,906 37,191 52,528 17,126 94,101 12,471 67,132 88,604 55,680 98,869 11,994 17,957 66,693 84,432 18,994 65,648 18,835 15,525 15,861 16,173 9,893 17,081 39,364 19,306 9,933 16,707 13,665 7,688 Deduction Withholding $ 500.00 $ 250.00 $ 500.00 $ 500.00 $ 125.00 $ 500.00 $ 50.00 $ 325.00 $ 500.00 $ 500.00 $ 500.00 $ 125.00 $ 125.00 $ 50.00 $ 250.00 $ 125.00 $ 500.00 $ 500.00 $ 500.00 $ 500.00 $ 125.00 $ 500.00 $ 125.00 $ 500.00 $ 125.00 $ 500.00 $ 50.00 $ 500.00 $ 500.00 $ 50.00 $ $ $ $ $ $ $ $ $ $ Salary 90,212 42,906 37,191 52,528 67,132 88,604 55,680 98,869 66,693 84,432 Deduction $ 500.00 $ 500.00 $ 500.00 $ 125.00 $ 500.00 $ 500.00 $ 500.00 $ 125.00 $ 250.00 $ 125.00 Withholding $ 6,314.84 $ 2,503.42 $ 2,103.37 $ 3,551.96 $ 4,199.24 $ 5,702.28 $ 3,397.60 $ 6,795.83 $ 4,418.51 $ 5,785.24 6060 FT 3040 FT 4 1 $ $ 65,648 $ 39,364 $ 500.00 $ 125.00 $ 4,095.36 2,630.48 Statistics Number of FT Employees Average Salary Full Time 13 $ 67,950.77 Additional Information Average Salary of FT > =1 Dependent $ 65,771.58 Dependents 0 1 2 3 4 Deduction $ 50.00 $ 125.00 $ 250.00 $ 325.00 $ 500.00 FICA Withholdings FT at least 1 Dependent PT or FT No Dependents Employee ID 7% 5% Status FT Dependents >=1 Salary Deduction Withholdings