Question

the amounts that cathy’s coffees deducted from the pay of its employees is shown. determine the amount that the proprietor of cathy’s coffees owes to the irs.
fica tax $9260.05
medicare tax $1725.50
federal withholding $37,040.20

cathy owes the irs $

Explanation:

Step1: Identify the amounts to add

We need to add the FICA Tax, Medicare Tax, and Federal Withholding amounts. The amounts are $9260.05 (FICA Tax), $1725.50 (Medicare Tax), and $37040.20 (Federal Withholding).

Step2: Add the amounts

First, add $9260.05 and $1725.50: $9260.05 + $1725.50 = $10985.55.
Then, add the result to $37040.20: $10985.55 + $37040.20 = $48025.75.

Answer:

48025.75