During one pay period, your company distributes $133,000 to employees as net pay. The income tax withholdings were $19,500, and the FICA withholdings were $8,963. Total payroll costs to the company for this pay period, excluding any unemployment taxes, was: a) $133,000. b) $152,500. c) $161,463. d) $170,426.
During one pay period, your company distributes $133,000 to employees as net pay. The income tax withholdings were $19,500, and the FICA withholdings were $8,963. Total payroll costs to the company for this pay period, excluding any unemployment taxes, was: a) $133,000. b) $152,500. c) $161,463. d) $170,426.
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 10PA: Lemur Corp. is going to pay three employees a year-end bonus. The amount of the year-end bonus and...
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Transcribed Image Text:During one pay period, your company
distributes $133,000 to employees as net
pay. The income tax withholdings were
$19,500, and the FICA withholdings were
$8,963. Total payroll costs to the company
for this pay period, excluding any
unemployment taxes, was:
a) $133,000.
b) $152,500.
c) $161,463.
d) $170,426.
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