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Lightning Electronics is a midsize manufacturer of lithium batteries. The company's payroll records for the November 1-14 pay period show that employees earned wages totaling
Lightning Electronics is a midsize manufacturer of lithium batteries. The company's payroll records for the November 1-14 pay period show that employees earned wages totaling $63,000 but that employee income taxes totaling $8,300 and FICA taxes totaling $3,275 were withheld from this amount. The net pay was directly deposited into the employees' bank accounts.
Assuming Lightning Electronics also must pay $380 of unemployment taxes for this pay period, what amount would be reported as the total payroll costs?
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