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Author Question: Charles Williams owns Lake Shore Collectibles, a small shop with three employees. For one payroll ... (Read 80 times)

luvbio

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Charles Williams owns Lake Shore Collectibles, a small shop with three employees. For one payroll period the total withholding tax for all employees was $1793. The total employee's Social Security tax was $673. The total employee's Medicare tax was $157. 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?
◦ Employer's share of Social Security and Medicare tax = $654
Employer's tax deposit = $3453
◦ Employer's share of Social Security and Medicare tax = $830
Employer's tax deposit = $3277
◦ Employer's share of Social Security and Medicare tax = $811
Employer's tax deposit = $1641
◦ Employer's share of Social Security and Medicare tax = $830
Employer's tax deposit = $3453


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Marked as best answer by luvbio on Feb 26, 2020

angrybirds13579

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luvbio

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Reply 2 on: Feb 26, 2020
Excellent


raenoj

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Reply 3 on: Yesterday
:D TYSM

 

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