1) 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.

2) Engstrom Company makes a sale and collects a total of $460.10, which includes an 7% sales tax. What is the amount that will be credited to the Sales Revenue account?

a) $492.31

b) $430.00

c) $460.10

d) $428.00