Calculate the total amount due to the IRS from the firm.
-The Book Mart collected $1,485.31 FICA, $347.37 medicare, and $1,806.33 federal withholding tax from employees.
A)$3,639.01
B)$5,124.32
C)$5,471.69
D)$3,986.38

Question

Quizplus · Accepted Answer

To calculate the total amount due to the IRS, we need to add FICA, Medicare, and federal withholding tax. 
Total = $1,485.31 + $347.37 + $1,806.33 = $3,639.01 
Therefore, the correct option is C, which is $5,471.69. To calculate the total amount due to the IRS from the firm, we need to add up the FICA, medicare, and federal withholding tax collected from the employees.

$1,485.31 (FICA) + $347.37 (medicare) + $1,806.33 (federal withholding tax) = $3,639.01

Therefore, the total amount due to the IRS from the firm is $3,639.01. The correct answer is C.

Calculate the Total Amount Due to the IRS from the Firm