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please explain in detail 00 8 Lightning Electronics i amidsve manufacturer of lithium batteries. The company payroll records for the November 1-14 pay period were
please explain in detail
00 8 Lightning Electronics i amidsve manufacturer of lithium batteries. The company payroll records for the November 1-14 pay period were withheld from this amount. The net pay was directly deposited to the employees bank accounts show that employees earned wares totaing $60,000, but that employee income taxes totaling $8.000 and FICA taxes totaling 52125 Required 1. What was the amount of net pay? 2. Auming Lightning Electronics also must pay $350 of unemployment tanes for this pay period. What amount would be reported as the total payroll costs Net Pay 2. To payroll Costs Step by Step Solution
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