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

Answer 1

278.46

Answer 2

$5,290.74

Answer 3

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