Answered

An employer pays one of its unmarried employees wages totaling $300,000. The amount the employer must withhold from the employee's pay for Medicare taxes, and the amount of the employer's share of Medicare taxes for this employee are:

Answer :

cancinodavidq

Answer:

The amount of the employer's share of Medicare taxes for this employee are $4,350 and $4,350, respectively

Explanation:

Considering that an employer is required to withhold 1.45% for medicare taxes from employee's pay and same has to be employer's own share:, we get as follows:

1.45% of $300,000 = $4,350

Other Questions