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Use the following to answer questions 14-18 You have been working at a...

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Accounting

Use the following to answer questions 14-18
You have been working at a local distributor. Your bi-weekly salary is $2,000. Your average income tax rate is 15%
plus FICA taxes at 7.65%. Your employer provides health insurance to you which costs your employer $350 per pay
and costs you $25 per pay (assume this is after tax). Determine the following based on your pay (assume you have
already made more than $7,000 this year so that unemployment taxes do not apply).
How much will your employer withhold from your paycheck for federal income taxes?
$
How much will your employer withhold from your paycheck for FICA taxes?
How much will your employer direct deposit into your bank account for your pay?
What is your total cost to your employer for the bi-weekly pay period?
$
If you work 80 hours bi-weekly, what is the average hourly cost to your employer for your services?
(round to two decimal places)
Use the following to answer questions 19-24
The following information is from the company's 1231 balance sheet, listed in alphabetical order:
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