John Waits owns a small shop with three employees. For one payroll period the total withholding tax for all employees was $1,594. The total employees' Social Security tax was $174 and the total employer's Social Security tax was $260. The total employees' Medicare tax was $112 How much must John deposit as the employer's share of Social Security tax and Medicare tax? What is the total tax that must be deposited? John must deposit $ as the employer's share of Social Security tax and Medicare tax (Simplify your answer.) The total tax that must be deposited is (Simplify your answer.)

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
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John Waits owns a small shop with three employees. For one payroll period the total withholding tax for all employees
was $1,594. The total employees' Social Security tax was $174 and the total employer's Social Security tax was
$260. The total employees' Medicare tax was $112 How much must John deposit as the employer's share of Social
Security tax and Medicare tax? What is the total tax that must be deposited?
John must deposit $ as the employer's share of Social Security tax and Medicare tax.
(Simplify your answer.)
The total tax that must be deposited is $.
(Simplify your answer.)
Transcribed Image Text:John Waits owns a small shop with three employees. For one payroll period the total withholding tax for all employees was $1,594. The total employees' Social Security tax was $174 and the total employer's Social Security tax was $260. The total employees' Medicare tax was $112 How much must John deposit as the employer's share of Social Security tax and Medicare tax? What is the total tax that must be deposited? John must deposit $ as the employer's share of Social Security tax and Medicare tax. (Simplify your answer.) The total tax that must be deposited is $. (Simplify your answer.)
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