The weekly payroll of Abkar Hardware includes 19 employees who earn $280.00. How much is the employers share of total social security and Medicare taxes for the first quarter of…

Question

asked Mar 28, 2024 80.5k views

1 Answer

Tsurahman · Answer 1 · 2024-04-03T23:10:03+0000

Answer:280*19= 5,320

Quarter(13 weeks)

5,320*13= 69,160

FICA=6.2%

MED=1.45%

69,160*6.2%= 4,287.92

69,160*1.45%= 1,002.82

4,287.92+1,002.82= $5,290.74

Explanation: