The weekly payroll of Abkar Hardware includes 19 employees who earn $240 each. How much is the employer's share of total Social Security and Medicare taxes for the firstquarter of the year?$238.46$476.92$4,534.92$9,069.84

Tax rates Social security = 6.2 Medicare. =1.45 Total. =7.65%

Answered: weekly payroll of Abkar Hardware…

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter9: Payroll Accounting: Employer Taxes And Reports

Section: Chapter Questions

Problem 2SEB

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