Chapter 8 Review Company is preparing the payroll report and wants to look at one particular employee. The following data is available for a recent week: Hours Worked: 48.50 Hourly Pay Rate: $17.50 Federal Withholding: 20% FICA Withholding: 6.20% Medicare Withholding: 1.45% Illinois Withholding: 5% 401-K Deduction: 5% (employer matches) Federal and State Unemployment: 6.5% Required . Calculate the gross pay Calculate the net pay Calculate the total cost to the employer Calculate the % of total cost to gross pay for the employer