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Use the following to answer questions 1 4 - 1 8 You have been working at a local distributor. Your bi - weekly salary is
Use the following to answer questions
You have been working at a local distributor. Your biweekly salary is $ Your average income tax rate is
plus FICA taxes at Your employer provides health insurance to you which costs your employer $ per pay
and costs you $ per pay assume this is after tax Determine the following based on your pay assume you have
already made more than $ this year so that unemployment taxes do not apply
How much will your employer withhold from your paycheck for federal income taxes?
$
How much will your employer withhold from your paycheck for FICA taxes?
How much will your employer direct deposit into your bank account for your pay?
What is your total cost to your employer for the biweekly pay period?
$
If you work hours biweekly, what is the average hourly cost to your employer for your services?
round to two decimal places
Use the following to answer questions
The following information is from the company's balance sheet, listed in alphabetical order:
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