You are employed in a position that pays an annual salary of $100,000 in 2022. Other information about your pay and the costs to your employer include the following:

• Income taxes withheld total $20,000
• Your entire salary is subject to the FICA tax rate of 7.65%
• Your employer offers to match your contributions to a 401k play up to 5% of your salary. You decide to have the 5% withheld from your pay, and your employer matches as promised.
• Your health insurance has a total annual cost of $15,000. Your contract stipulates that you must pay 20% of the health insurance through a payroll deduction and the employer pays 80%.
• Unemployment taxes of 5% on the first $30,000 of your salary must be paid.

What is your total net pay for 2022?

What is the total cost of your employment to the employer i.e. total payroll, payroll taxes and benefits expenses?