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McLoyd Company completed the salary and wage payroll for March 2013. The payroll provided the following details: Salaries and wages earned $ 580,000 Employee income

McLoyd Company completed the salary and wage payroll for March 2013. The payroll provided the following details: Salaries and wages earned $ 580,000 Employee income taxes withheld 53,650 FICA taxes withheld 41,470 Unemployment taxes 4,030 Required: 1. Considering employer payroll taxes, use the preceding information to calculate the total labor cost for the company.

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