How much is an employer who withheld employee Medicare and Social Security taxes or $765 REQUIRED to send to the IRS?

When an employer withholds Medicare and Social Security taxes from employees, they are also required to match that amount, contributing an equal amount to the IRS. Therefore, if the employer has withheld $765 in employee Medicare and Social Security taxes, they are obligated to send not just the withheld amount but also an equal amount as their contribution.

This means that the total amount that needs to be sent to the IRS consists of the withheld employee taxes plus the employer's matching contribution. In this case, the calculation is as follows:

Withheld amount: $765 (from employees)

Employer's matching contribution: $765

Adding these together results in a total of:

$765 + $765 = $1,530

This is the amount the employer must send to the IRS. Understanding this process is crucial for compliance with federal tax laws and managing payroll responsibilities accurately. This dual obligation is a fundamental aspect of withholding and remitting payroll taxes.