Question

Jen's Cycle Shop performs maintenance on and sells bicycles and has eight employees who are paid...

Jen's Cycle Shop performs maintenance on and sells bicycles and has eight employees who are paid weekly. For one payroll period the withholding tax for all employees was $1713. The total Social Security tax withheld from employees' paychecks was $1690, and the total Medicare tax withheld was $395. What is the total tax that must be deposited by Jen?

Select one:

a. Employer's tax deposit = $3798

b. Employer's tax deposit = $5288

c. Employer's tax deposit = $4193

d. Employer's tax deposit = $5883

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Answer #1
Tax Employee Employer share Total
IT        1,713        1,713
Social sec        1,690        1,690        3,380
Medicare            395            395            790
Total        5,883

Answer is $5,883

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