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5 parts to this one question, please help Sierra Sports employs several people, but we will look at one specific employee for this example. Billie

5 parts to this one question, please help
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Sierra Sports employs several people, but we will look at one specific employee for this example. Billie Sanders works for Sierra Sports and earns a salary each month of $8,000. - Withholdings for federal taxes equal $800 - Withholdings of state income taxes equal $300. - FICA Social Security is taxed at the 6.2% rate - FICA Medicare is taxed at the 1.45% rate. - Sierra Sports receives the FUTA credit and is only taxed at the rate of 0.6% (as a decimal this is .006) - SUTA taxes are $100 - Billie has voluntary deductions for health insurance and a 401(k) retirement contribution. - She is responsible for 40% of her $1.200 health-care insurance premium: - Sierra Sports pays the remaining 60% of the health insurance premiumlas explained in employer payrolli. - Billie's 401(k) contributions total \$1.000. Using the information above. calculate the following: 1) Billie's gross pay 2) Billie's net pay 3) Billies portion of health insurance 4) Employer's payroll tax expense 5) Employer's portion of health insurance

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