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CHAPTER 10 PufferFish, Inc. has the following information from its payroll records: Salaries and wages earned by employees Less: income taxes withheld from employees Less:
CHAPTER 10 PufferFish, Inc. has the following information from its payroll records: Salaries and wages earned by employees Less: income taxes withheld from employees Less: FICA taxes withheld from employees.. . .. 9,000 Net pay to employees . $ 180,000 27,000 144,000 The employer amount of FICA taxes that PufferFish is required to pay is equal to the amount that it withholds from its employees. Assume no other payroll taxes are incurred at this time. What is PufferFish's total expense with regards to this payroll? A) $144,000 B) $189,000 C) $153,000 D) $180,000
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