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5. Managers are paid a weekly salary, while servers are paid an hourly wage. In addition to employee compensation, the employer is responsible for payroll

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5. Managers are paid a weekly salary, while servers are paid an hourly wage. In addition to employee compensation, the employer is responsible for payroll tax equal to 7.5% of compensation. Complete the following table to calculate the weekly compensation and payroll tax paid by the employer. Employees Wages Compensation Payroll Tax @ 7.5% Managers 2 5600/week 2x600=1200 1200x.075=90 Servers 15 $10/hour 15x10x10=1500 1500x0.075=112.50 Total: $2700 $202 50 6. What would be the impact of an increase in minimum wage to $15 an hour for the payroll in question 5

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