Business, 31.10.2019 01:31 2024cynthiatercero

1) how much social security tax would the employer be liable to pay to the federal government if he paid his sole employee $100,000 in wages during the current year? use whatever necessary outside sources you may need to verify the amount. 2) what if he paid his employee $1,000,000 during the year (you may assume that the employee is single)? 3) in each of the situations above what would the employer have to withhold from the employee's paycheck in social security taxes? 4) answer questions 1-3 for medicare taxes. 5) true or false: employer's pay for unemployment taxes by taking the tax out of the employee's paycheck.

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