Question: 5. Managers are paid a weekly salary, while servers are paid an hourly wage. In addition to employee compensation, the employer is responsible for payroll

5. Managers are paid a weekly salary, while servers are paid an hourly wage. In addition to employee compensation, the employer is responsible for payroll tax equal to 7.5% of compensation. Complete the following table to calculate the weekly compensation and payroll tax paid by the employer.

Employee Type Quantity Wages Compensation Payroll Tax @ 7.5%
Manager 2 $600/week ? ?
Servers 15 $10/week ? ?
Total ? ?

6. What would be the impact of an increase in minimum wage to $15 an hour for the payroll in question 5?

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