During one pay period, your company distributes $133,000 to employees as net pay. The

income tax withholdings were $19,500 and the FICA withholdings were $8,963. Total

payroll costs to the company for this pay period, excluding any unemployment taxes,

was:

a.$133,000.

b.$161,463.

c.$152,500.

d.$170,426

What are the steps to solving this problem?