Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Smooth paper company's payroll records for the November 1st-5th pay period show that employees earned wages totaling $680,000 but that employee income taxes totaling $133,800
Smooth paper company's payroll records for the November 1st-5th pay period show that employees earned wages totaling $680,000 but that employee income taxes totaling $133,800 and FICA taxes totaling $49,300 were withheld from this account. The net pay was directly deposited into the employees bank account.
What is the amount of net pay for these employees ?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started