During one pay period, your company distributes $130,500 to employees as net pay. The income tax withholdings
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During one pay period, your company distributes $130,500 to employees as net pay. The income tax withholdings were $19,000 and the FICA withholdings were $5,000. Total payroll costs to the company for this pay period, excluding any unemployment taxes, was:
A) $149,500.
B) $130,500.
C) $154,500.
D) $159,500.
Related Book For
Fundamentals of Financial Accounting
ISBN: 978-0078025914
5th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
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