Question

Media services,Inc. Has payroll in which the total employee withholding is $765.26; the total employee social security tax is $273.92; the total employer social security is $273.92; the total employee medicare tax is $64.06. how much medicare tax must the employer pay for this payroll? what is the total amount of taxes that must be sent to IRS for the payroll?

Answer 1

Solution:-

Given Data:-

Total employee withholding is $765.26,

The total employee social security tax is $273.92,

The total employee Medicare tax is $64.06,

A.how much medicare tax must the employer pay for this payroll:-

Ans:- Employer Must Pay the Medicare for this Payroll is $64.06.

B.what is the total amount of taxes that must be sent to the IRS for the payroll?

Ans:

Total Taxes = WIthholding Allowances + Social Security Tax + Medicare Tax

= $ 765.26 + $ 273.92 + $ 64.06

= $ 1,103.24.

Thus, The Total Medicare tax must pay by Employer is $ 64.06 and the Total Tax to be paid is $1,103.24.

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