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The payroll for the week ended January 8 is $15,000 with 15 percent withheld for employee income taxes and 8 percent for FICA taxes. The total amount of taxes to be remitted by the employer for this payroll would be

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Ritmeks

Answer:

$4,650

Explanation:

Payroll for the week is $15,000 with 15% of it held for employee task income

= 15,000 × 15/100

= 15,000 × 0.15

= 2,250

8% of it is held for FICA taxes

= 15,000×8/100

= 15,000 × 0.08

= 1,200

Therefore the total amount of tax that will be remitted by the employer for this payroll can be calculated as follows

= 2,250 + 1,200+1,200

= $4,650

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