Sierra Sports employs several people, but we will look at one specific employee for this example. Billie Sanders works for Sierra Sports and earns a salary each month of $10,000. Withholdings for federal taxes equal $1,500 Withholdings of state income taxes equal $800. FICA Social Security is taxed at the 6.2% rate FICA Medicare is taxed at the 1.45% rate. Sierra Sports receives the FUTA credit and is only taxed at the rate of 0.6% (as a decimal this is .006) SUTA taxes are $200 Billie has voluntary deductions for health insurance and a 401(k) retirement contribution. She is responsible for 40% of her $1,000 health-care insurance premium; Sierra Sports pays the remaining 60% of the health insurance premium(as explained in employer payroll). Billie's 401(k) contributions total $1,000. Using the information above, calculate the following: 1) Billie's gross pay 2) Billie's net pay 3) Billie's portion of health insurance 4) Employer's payroll tax expense 5) Employer's portion of health insurance