The weekly payroll of Abkar Hardware includes 19 employees who earn \$280.00. How much is the employer's share of total social security and Medicare taxes for the first quarter of the year?

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1. 278.46

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2. \$5,290.74

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3. 280*19= 5,320
Quarter(13 weeks)
5,320*13= 69,160
FICA=6.2%
MED=1.45%
69,160*6.2%= 4,287.92
69,160*1.45%= 1,002.82
4,287.92+1,002.82= \$5,290.74

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