Answered step by step
Verified Expert Solution
Question
1 Approved Answer
During one pay period, your company destributes $137,000 to employees as net pay. The income tax withholdings were 20,300 and the FICA withholdings were $9,033.
During one pay period, your company destributes $137,000 to employees as net pay. The income tax withholdings were 20,300 and the FICA withholdings were $9,033. The total payroll cost to the company for this pay period, excluding any unemployment taxes was:
A)$166,333
B)$157,300
C)175,366
D)137,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started