! Required information (The following information applies to the questions displayed below.] Oaks Company has completed the payroll for the month of January, reflecting the following data: Salaries and wages earned Employee income taxes withheld FICA payroll taxes* $ 98,000 9,000 6,800 *Assessed on both employer and employee (i.e., $6,800 each). Required: 1-a. What was the total labor cost to the company? Total labor cost $ 98,000 1-b. What was the amount of the employees' take-home pay? Take-home pay $ 82,200