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You have been working at a local distributor for the past couple of years. Your bi-weekly salary is $1,400. Your average income tax rate is

You have been working at a local distributor for the past couple of years. Your bi-weekly salary is $1,400. Your average income tax rate is 12%plus FICA taxes at 7.65%. Your employer provides health insurance to you which costs your employer $750.00per pay and costs you $75per pay (assume this is after tax). Determine the following based on your pay for your LAST paycheckof 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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