Jen's Cycle Shop Performs Maintenance on and Sells Bicycles and Has

question 95

Multiple Choice

Jen's Cycle Shop performs maintenance on and sells bicycles and has eight employees who are paid weekly. For one payroll period the withholding tax for all employees was $1762. The total Social Security tax withheld from employees' paychecks was $1063, the employer's share of Social Security tax was $1657, and the total Medicare tax withheld was $367. What is the total tax that must be deposited by Jen?

• A) Employer's tax deposit = $4849
• B) Employer's tax deposit = $4153
• C) Employer's tax deposit = $3786
• D) Employer's tax deposit = $5216

---

Definitions:

Prices Doubled

A situation where the cost of goods, services, or commodities increases to twice their original amount.

Relative Prices

The price of one good or service compared to another, usually considered in terms of opportunity cost.

Price Of X

The amount of money required to purchase a unit of product X in a market.

Entire Income

This term does not correspond to a specific economic concept; it might refer to total earnings or revenue of an individual or entity, but more context is needed for a precise definition. NO.