An employee earned a salary of $1,000 and the employer correctly withheld taxes, including $70 federal income tax, $25 state income tax, and $76.50 FICA (Social Security). What is the total amount of wages and salaries expense to be recorded by the employer with respect to the employee's earnings? Include in the expense amount any taxes that must be matched by the employer.

Answer rating: 100% (QA)

The total amount of wages and salaries expense to be recorded by the employer would be 117150 Heres ... View the full answer