Fandango Furniture Manufacturing, Inc., has 40 employees on the assembly line, each with gross earnings of $325 per week.
a. What are the total social security and Medicare taxes that should be withheld from the employees' paychecks each week?
Social security: $
Medicare: $
b. What is the employer's share of these taxes for the first quarter of the year for these employees?
Social security: $
Medicare: $