Lightning Electronics is a midsize manufacturer of lithium batteries. The companys payroll records for the November 114 pay period show that employees earned wages totaling $60,000 but that employee income taxes totaling $8,000 and FICA taxes totaling $3,125 were withheld from this amount. The net pay was directly deposited into the employees bank accounts.

Required:

What was the amount of net pay?

Assuming Lightning Electronics also must pay $350 of unemployment taxes for this pay period, what amount would be reported as the total payroll costs?