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Family Flowers employs 17 people, of whom 14 earn gross pay of $620.00 each and 3 earn gross pay of $700.00 each on a weekly
Family Flowers employs 17 people, of whom 14 earn gross pay of $620.00 each and 3 earn gross pay of $700.00 each on a weekly basis. What is the employer's share of total Social Security and Medicare taxes for the first quarter of the year? (Social security tax is 6.2% of wages up to $128,400. Medicare tax is 1.45% of all wages.) O $620.00 O $700.00 O $850.68 O $10,720.71 Lee Sutherlin is a self-employed electrical consultant. He estimates his annual net earnings at $32,200. How much Social Security and Medicare must he pay (in $) this year? Social Security $ Medicare $
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