Salary/Wages 1&2. Below is the earnings statement that an employer provided to an employee. The employee has a marginal tax rate of 15% whereas the employer has a marginal tax rate of 21%. Description Amount Gross Salary 70,000 Less: withholding of Federal income taxes (9,000 Less: withholding of FICA taxes (5,355) Net Pay 55,645 Using this information, answer the following questions: (0.75 pt each, 1.5 pts total) a. What is the employee's after-tax income? Include the impact of FICA taxes as well. b. What is the employer's after-tax cost? Hint: The employer pays both the gross salary and the employer portion of FICA taxes but gets a deduction for both