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Lloh trung Elements is a midsize manufacturer of lithium batteries. The company's payroll records for the November 1-14 pay period show that employees camed wages
Lloh trung Elements is a midsize manufacturer of lithium batteries. The company's payroll records for the November 1-14 pay period show that employees camed wages totaling $66.000 but that employee income taxes totaling $8,600 and FICA taxes totaling $3,425 wife withheld trom the amount. The net pay was directly deposited into the employees' bank accounts Required 1. What was the amount of net pay? 2. Assuming Lightning Electronics also must pay $410 of unemployment taxes for this pay period, what amount would be reported as the total payroll costs? 1 Nel Pay Total Payroll Costs 2
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