assume that the federal income tax withholding rate is 15%, the state income tax withholding rate is 5%, and the Social Security and Medicare tax rate for both the employer and the employee is 7.65%.

7. If an employee is paid a salary of $50,000 per year, after Social Security and Medicare taxes, what is the cost of the employee to the business?

8. If an employee is paid a salary of $1,000 per week, how much will the employer withhold from the employees check?

9. If an employee is paid a salary of $1,000 per week, how much will the employer remit in payroll tax payments?

10. If an employee is paid a salary of $1,000 per week, what is the employees take-home pay after taxes?