What questions 17,18 Use the following to answer questions 14 – 18You have been working at a local distributor for the pastcouple of years. Your bi-weekly salary is $1,500. Youraverage income tax rate is 12% plus FICA taxes at7.65%. Your employer provides health insurance to youwhich costs your employer $500.00 per pay and costs you$30 per pay (assume this is after tax). Determine thefollowing based on your pay for your LAST paycheck ofthe year.How much will your employerwithhold from your paycheck for federal income14.$taxes?How much will your employer$withhold from your paycheck for FICA taxes?15.16.2$How much will your employerdirect deposit into your bank account for your pay17.$What is your total cost to youremployer for the bi-weekly pay period?If you work &80 hours bi-weekly,what is the average hourly cost to your employer for(round to the nearest cent)18.$your services?

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 12% plus FICA taxes at 7.65%. Your employer provides health insurance to you which costs your employer $500.00 per pay and costs you $30 per pay (assume this is after tax). Determine the following based on your pay for your LAST paycheck of the vear