Question

The employees of Book Nook paid a total of $2,178.40 in Social Security tax last month, $509.46 in Medicare tax, and $5,583.19 in federal withholding tax.

Find the total amount that the employer must send to the Internal Revenue Service.


$8,271.05

$10,958.91

$16,542.10
2.
The employees of The Shoe Box paid a total of $2,183.19 in Social Security tax last month, $510.58 in Medicare tax, and $5,147.28 in federal withholding tax.
Find the total amount that the employer must send to the Internal Revenue Service.


$15,682.10

$7,841.05

$10,534.82
3.
The employees of Bob’s Diner paid a total of $1,848.47 in Social Security tax last month, $432.30 in Medicare tax, and $4,912.13 in federal withholding tax.
Find the total amount that the employer must send to the Internal Revenue Service.


$9,473.67

$14,385.80

$7,192.90

Description

Answer 1

7,192.90

Explanation:

We simply add up all the individual parts of tax the employee should pay. The employee of Book Nook should pay a total of 2,178.40+509.46+5,583.19

=8,271.05 dollars of tax. The employee of shoe box should pay 2,183.19+510.58+5,147.28=7841.05 dollars. The employee of Bob’s Diner should pay a total of 1,848.47+432.30 + 4,912.13=7192.90 dollars.

Answer 2

Employees and Employers have equal share in the Medicare tax and Social Security tax. Meanwhile, employees are solely responsible for their income taxes.
1.) $4,365.80 ($2,178.40 Social Security tax * 2)
+ $1,018.92 ($509.46 Medicare tax * 2)
+ $5,583.19 Federal withholding tax
= $10,985.91
2.) $4,366.38 ($2,183.19 Social Security tax * 2)
+ $1,021.16 ($510.58 Medicare tax * 2)
+ $5,147.28 Federal withholding tax
= $10,534.82
3.) $3,696.94 ($1,848.47 Social Security tax * 2)
+ $864.6 ($432.30 Medicare tax * 2)
+ $4,912.13 Federal withholding tax
= $9,473.67