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You must pay the government a 7.65% tax on whatever you are paying your employees. If you pay an employee $ 150,000 in one year, what is the amount of tax you will have to pay for that one employee?

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Samawati

Answer:

$11, 475.00

Explanation:

The Employer pays the government 7.65%

An employee is pais $ 150,000

the employer will pay 7.65% of $150,000

=7.65/100 X $150,000

=0.0765 x $150,000.00

=$11, 475.00

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