calculating business expenses for a given business scenario\na small business has four employees who earn…

calculating business expenses for a given business scenario\na small business has four employees who earn these monthly wages:\nemployee 1: $3,000\nemployee 2: $2,500\nemployee 3: $2,500\nemployee 4: $2,700\nthe employer is responsible for paying 7.65% of social - security and medicare taxes on these wages. what is the total monthly tax expense the employer will pay for these four employees?\n$229.50\n$10,158.50\n$8,415\n$841.50

calculating business expenses for a given business scenario\na small business has four employees who earn these monthly wages:\nemployee 1: $3,000\nemployee 2: $2,500\nemployee 3: $2,500\nemployee 4: $2,700\nthe employer is responsible for paying 7.65% of social - security and medicare taxes on these wages. what is the total monthly tax expense the employer will pay for these four employees?\n$229.50\n$10,158.50\n$8,415\n$841.50

Answer

Explanation:

Step1: Calculate total monthly wages

$3000 + 2500+2600 + 2700=10800$

Step2: Calculate tax expense

$10800\times 0.0765 = 826.2$

Answer:

None of the provided options are correct. The correct answer should be $826.2$.