[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	$	92,000
Employee income taxes withheld		10,000
FICA payroll taxes*		6,000

*Assessed on both employer and employee (i.e., $6,000 each).

17.

Required information

Required:

1-a. What was the total labor cost to the company?

1-b. What was the amount of the employees' take-home pay?

18.

Required information

2. List the liabilities and their amounts reported on the company's January 31 balance sheet, assuming the employees have been paid but that no transfers have been made to government agencies.