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.) a $620.00 b $700.00 c $850.68 d $10,720.71

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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 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.)
 
 
a $620.00
b $700.00    
c $850.68
d $10,720.71

 

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