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 $516.92 $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 $516.92 $4,912.83 O $9,825.66

College Accounting (Book Only): A Career Approach

12th Edition

ISBN:9781305084087

Author:Cathy J. Scott

Publisher:Cathy J. Scott

Chapter7: Employee Earnings And Deductions

Section: Chapter Questions

Problem 3E

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Question

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
$516.92
$4,912.83
$9,825.66

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