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1. A random Company had the following amounts taken from their monthly payroll register: Salaries expense: $265,400 Social security and medicare taxes withheld: 19,905 Income

1. A random Company had the following amounts taken from their monthly payroll register:

Salaries expense: $265,400 Social security and medicare taxes withheld: 19,905 Income taxes withheld: 53,080 Retirement savings: 18,300 Salaries subject to federal and state unemployment taxes of 6.2%: 65,000

How much is the total payroll expense (Payroll + Payroll taxes) for the business?

Assume the monthly salaries expense remains the same for the entire year and no employees are hired or fired during that time. Based on what you learned in Chapter 11 about payroll taxes, do you expect the total payroll expense to stay the same every month? Explain in your own words.

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