Bill Bailey is paid exist12 per hour, plus time-and-one-half for hours over 40 for a given week. During the week of February 12, Bill worked 48 hours. FICA taxes are 5%. exist50 is withheld for federal income taxes, exist22 is withheld for state income taxes, and exist15 is withheld for city income tax from his gross pay. In addition, Bill's employer must pay FICA taxes of 5%, state unemployment taxes of 2.5 and federal unemployment taxes of 1.25% of his gross pay. Calculate the following:(Bill's cumulative salary to date is exist5,000. Round off your answers to two decimal places). Bill's gross pay ___________ Bill's net pay or take home pay ___________ The employer's payroll taxes expense _____________ The total cost of employing Bill for the week _____________