value 2.22 points M10-3 Calculating Net Pay and Total Payroll Costs [LO 10-2] Lightning Electronics is a midsize manufacturer of lithium batteries. The company's payroll records for the November 1-14 pay period show that employees earned wages totaling $70,000 but that employee income taxes totaling $9,000 and FICA taxes totaling $3,625 were withheld from this amount. The net pay was directly deposited into the employees' bank accounts. . What was the amount of net pay? Net Pay 2. Assuming Lightning Electronics must also pay $450 of unemployment taxes for this pay period, what amount would be reported as the total payroll costs? Total Payroll Costs