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Group 7 Rates for the employee payroll tax withholdings and the employer's applicable payroll taxes are as follows: Bonanza Associates hired three employees in December

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Group 7 Rates for the employee payroll tax withholdings and the employer's applicable payroll taxes are as follows: Bonanza Associates hired three employees in December 2022, while one employee had worked all twelve months of this year. On December 30, 2022, the calendar year accumulated earnings for the employees after the last regular payroll was paid and before any bonuses are as follows: After reviewing the financial progress reports, the employer decided to pay each employee an end-of-year bonus. Each check is dated 12-30-22, and the bonus pay is subject to all the taxes per the chart above. Bonus pay is treated as regular gross earnings. The gross amount of each employee's bonus is $3,500. For question \#37, write the correct amount on your answer sheet. *37. What is the total amount of payroll tax expense incurred by the employer on the bonuses paid to all four employees

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