A company had $336,000 of total wages earned by employees for the payroll period occurring during the last week of January 2019. The company provided the following additional items that are also related to the same payroll period:

*Health Insurance: employees who sign up for health insurance pay half the insurance premium (as a payroll deduction) with the company paying the other half. **Pension: not all employees choose to contribute to the pension plan, the above value represents the total contribution made by participating employees for the above-mentioned payroll period. The company matches 100% of employee contributions dollar-for-dollar.

Assume for purposes of this question only that the company had net income before considering any aspect of the above payroll of $967,025. What is the company's net income after recording all entries related to the payroll?

Group of answer choices

$570,921

None of the answer choices provided are correct.

$546,805

$631,025

$665,429

$519,517

$67,220 Employee's Federal Income tax Employee's State Income tax Federal Unemployment Tax $17,000 $2,000 $6,700 State Unemployment Tax Employee's Social & Security and Medicare tax Employee share of health insurance premiums* $25,704 $21,500 Employee 5% pension contribution** $4,200