value: 2.85 points E10-3 ording Payroll Costs ILO 10-2] McLoyd Company completed the salary and wage payroll for March. The payroll provided the following details: 600,000 Salaries and wages earned 55,500 Employee income taxes withheld FICA taxes withheld 42,900 4,170 Unemployment taxes Required: 1. Considering both employee and employer payroll taxes, use the preceding information to calculate the total labor cost for the company. Total Labor Cost