Additionally, use the attached Excel file to calculate the EE Net pay and Total ER payroll expense $($including wages$)$ for $2024.$ Proper Excel utilization is required. Assume the following:

$1.$ Based on the employee's W$-4$ information, Federal income tax withholdings are $20\%.$

$2.$ Based on the employee's M$-4$ information, State income tax withholdings are $5\%.$

$3.$ The employee's annual health care premiums are $$8,000$ of which the employer pays half.