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During one pay period, your company distributes $130,500 to employees as net pay. The income tax withholdings were $19,000 and the FICA withholdings were $5,000.
During one pay period, your company distributes $130,500 to employees as net pay. The income tax withholdings were $19,000 and the FICA withholdings were $5,000. The total wages and payroll tax expense to the company for this pay period, excluding any unemployment taxes, was:
$149,500.
$130,500.
$154,500.
$159,500.
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