Use the following to answer questions 14-18 You have been working at a local distributor for the past few years. Your bi-weekly salary is $1,600. Your average income tax rate is 12% plus FICA taxes at 7.65%. Your employer provides health insurance to you which costs your employer $650.00 per pay and costs you $50 per pay (assume this is after tax). Determine the following based on your pay for your LAST paycheck of the year. 14. $ How much will your employer withhold from your paycheck for federal income taxes? 15. $___How much will your employer withhold from your paycheck for FICA taxes? 16. $___How much will your employer direct deposit into your bank account for your pay? 17. $ 18. $ What is your total cost to your employer for the bi-weekly pay period? If you work 80 hours bi-weekly, what is the average hourly cost to your employer for your services? (two decimal places) Use the following to answer questions 14-18 You have been working at a local distributor for the past few years. Your bi-weekly salary is $1,600. Your average income tax rate is 12% plus FICA taxes at 7.65%. Your employer provides health insurance to you which costs your employer $650.00 per pay and costs you $50 per pay (assume this is after tax). Determine the following based on your pay for your LAST paycheck of the year. 14. $ How much will your employer withhold from your paycheck for federal income taxes? 15. $___How much will your employer withhold from your paycheck for FICA taxes? 16. $___How much will your employer direct deposit into your bank account for your pay? 17. $ 18. $ What is your total cost to your employer for the bi-weekly pay period? If you work 80 hours bi-weekly, what is the average hourly cost to your employer for your services? (two decimal places) Use the following to answer questions 14-18 You have been working at a local distributor for the past few years. Your bi-weekly salary is $1,600. Your average income tax rate is 12% plus FICA taxes at 7.65%. Your employer provides health insurance to you which costs your employer $650.00 per pay and costs you $50 per pay (assume this is after tax). Determine the following based on your pay for your LAST paycheck of the year. 14. $ How much will your employer withhold from your paycheck for federal income taxes? 15. $___How much will your employer withhold from your paycheck for FICA taxes? 16. $___How much will your employer direct deposit into your bank account for your pay? 17. $ 18. $ What is your total cost to your employer for the bi-weekly pay period? If you work 80 hours bi-weekly, what is the average hourly cost to your employer for your services? (two decimal places)