During one pay period, your company destributes $137,000 to employees as net pay

Question

During one pay period, your company destributes $137,000 to employees as net pay. The income tax withholdings were 20,300 and the FICA withholdings were $9,033. The total payroll cost to the company for this pay period, excluding any unemployment taxes was: A)$166,333 B)$157,300 C)175,366 D)137,000 During one pay period, your company destributes $137,000 to employees as net pay. The income tax withholdings were 20,300 and the FICA withholdings were $9,033. The total payroll cost to the company for this pay period, excluding any unemployment taxes was: A)$166,333 B)$157,300 C)175,366 D)137,000 A)$166,333 B)$157,300 C)175,366 D)137,000

Explanation / Answer

NET PAY+INCOME TAX WITHHOLDINGS+FICA WITHHOLDINGS

+FICA CONTRIBUTION=137000+20300+9033+9033=175366

ANSWER C

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