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Becker Inc. ' s payroll is subject to taxes for FICA of 7 . 6 5 % , FUTA of 0 . 7 % ,

Becker Inc.'s payroll is subject to taxes for FICA of 7.65%, FUTA of 0.7%, and SUTA of 0.4%. In July, the company withheld from employees $110,925 for FICA , $290,000 for income tax, $145,000 for voluntary retirement programs, and $87,000 for health care programs. What is Becker Inc.'s total amount of both wage expense and payroll tax expense for July? A. Wage expense was $817,075, and payroll tax expense was $101,500. B. Wage expense was $1,450,000, and payroll tax expense was $159,500. C. Wage expense was $817,075, and payroll tax expense was $110,490. D. Wage expense was $1,450,000, and payroll tax expense was $400,925.E. None of the above

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