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Lightning Electronics is a midsize manufacturer of lithium batteries. The company's payroll records for the November 1 - 1 4 pay period show that employees
Lightning Electronics is a midsize manufacturer of lithium batteries. The company's payroll records for the November pay period show that employees earned wages totaling $ but that employee income taxes totaling $ and FICA taxes totaling $ were withheld from this amount. The net pay was directly deposited into the employees' bank accounts. Required: What was the amount of net pay? Assumirg Lightning Electronics also must pay $ of unemployment taxes for this pay period, what amount would be reported as the total payroll costs? table Net Pay,$ Total Payroll Costs,,
Lightning Electronics is a midsize manufacturer of lithium batteries. The company's payroll records for the November pay period show that employees earned wages totaling $ but that employee income taxes totaling $ and FICA taxes totaling $ were withheld from this amount. The net pay was directly deposited into the employees' bank accounts.
Required:
What was the amount of net pay?
Assumirg Lightning Electronics also must pay $ of unemployment taxes for this pay period, what amount would be reported as the total payroll costs?
table Net Pay,$ Total Payroll Costs,,
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