Question: Insert a VLOOKUP function in cell I5 to identify and calculate the federal withholding tax. With a taxable pay of $422.50, Spencer's tax rate is

Insert a VLOOKUP function in cell I5 to identify and calculate the federal withholding tax. With a taxable pay of $422.50, Spencer's tax rate is 25% and the withholding tax is $105.63. The VLOOKUP function returns the applicable tax rate, which you must then multiply by the taxable pay

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