Refer to the Social Security and Medicare information. The employer must match the employee's deduction and send the total to the IRS. An employer has 15 employees, each earning $27,000 per year; 5 employees, each earning $32,000 a year; and 2 employees, each earning $45,000 a year. Compute the amount the employer pays in matching Social Security and Medicare funds during the year.​

Old Age Survivors and Disability Insurance (OASDI)

A federal program in the United States that provides retirement, disability, and survivor benefits, commonly known as Social Security.

Hospital Insurance (HI)

A form of healthcare insurance that covers medical and surgical expenses incurred in a hospital, often part of broader national or private health insurance plans.

Matching Social Security

Matching Social Security is the process where employers contribute an amount equal to the Social Security taxes withheld from their employees' wages, as part of the federal Social Security program.