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Use the following to answer questions 14 - 18 You have been working at a local distributor for the past couple of years. Your bi-weekly

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Use the following to answer questions 14 - 18 You have been working at a local distributor for the past couple of years. Your bi-weekly salary is $1,450. Your average income tax rate is 12% plus FICA taxes at 7.65%. Your employer provides health insurance to you which costs your employer $700.00 per pay and costs you $60 per pay (assume this is after tax). Determine the following based on your pay for your LAST paycheck of the year. 14. $_ _How much will your employer withhold from your paycheck for federal income taxes? 15. $ How much will your employer withhold from your paycheck for FICA taxes? (round to two decimal places) 16. $_ __How much will your employer direct deposit into your bank account for your pay? (round to two decimal places) 17. $ places) __What is your total cost to your employer for the bi-weekly pay period? (round to two decimal 18. $.__ - If you work 80 hours bi-weekly, what is the average hourly cost to your employer for your services? (round to two decimal places)

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