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

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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

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