The weekly payroll of Abkar Hardware includes 19 employees who earn $260 each. How much is the employer's share of total Social Security and Medicare taxes for the first quarter of the year? O $258.46 O $516.92 O $4,912.83 O $9,825.66

The weekly payroll of Abkar Hardware includes 19 employees who earn $260 each. How much is the employer's share of total Social Security and Medicare taxes for the first quarter of the year? O $258.46 O $516.92 O $4,912.83 O $9,825.66

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter9: Payroll Accounting: Employer Taxes And Reports

Section: Chapter Questions

Problem 1CE: Total earnings for the employees of Garys Grill for the week ended January 14, 20--, were 6,400. The...

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The weekly payroll of Abkar Hardware includes 19 employees who earn $260 each. How much is the employer's share of total Social Security and Medicare taxes for the first quarter of the year?
O $258.46
O $516.92
O $4,912.83
O $9,825.66

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