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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

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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* $ 86,eee 8,888 6,580 'Assessed on both employer and employee (i.e., $6,500 each). Required: 1-a. What was the total labor cost to the company? Total labor cost 1-5. What was the amount of the employees' take-home pay? Take-home pay

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