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rolpace88 rolpace88
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9 years ago
Charles Williams owns Lake Shore Collectibles, a small shop with three employees. For one payroll period the total withholding tax for all employees was $1728. The total employee's Social Security tax was $447, and the total employer's Social Security tax was $650. The total employee's Medicare tax was $154. How much tax must Charles deposit as the employer's share of Social Security tax and Medicare tax? What is the total tax that must be deposited?
A) Employer's share of Social Security and Medicare tax = $804
Employer's tax deposit = $3133
B) Employer's share of Social Security and Medicare tax = $804
Employer's tax deposit = $2979
C) Employer's share of Social Security and Medicare tax = $650
Employer's tax deposit = $3133
D) Employer's share of Social Security and Medicare tax = $650
Employer's tax deposit = $1405
Textbook 
Business Math

Business Math


Edition: 10th
Authors:
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MillionMillion
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9 years ago
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rolpace88 Author
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#2
9 years ago
Wonderful, thx.
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#3
9 years ago
Great, please mark the topic solved!
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