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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

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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 $1,500. Your average income tax rate is 11% plus FICA taxes at 7.65%. Your employer provides health insurance to you which costs your employer $600.00 per pay and costs you $100 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? 16. $ _How much will your employer direct deposit into your bank account for your pay 17. $_ __What is your total cost to your employer for the bi-weekly pay period? 18. $ If you work 80 hours bi-weekly, what is the average hourly cost to your employer for your services? (round to the nearest cent)

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