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Lightning Electronics is a midsize manufacturer of lithium batteries. The company Solution Answer 1: The total amount - Income taxes - FICA taxes= 50,000-7,000-2,625= $40,375 Answer 2: Total payroll costs would include the gross pay ($50,000) as well as the additional employer payroll taxes ($2,625 FICA) and unemployment taxes ($250). In total, Lightning Electric would report $52,875 as the total payroll cost for this pay period. .

Educação

Lightning Electronics is a midsize manufacturer of lithium batteries. The company
Lightning Electronics is a midsize manufacturer of lithium batteries. The company
Solution
Answer 1:
The total amount - Income taxes - FICA taxes= 50,000-7,000-2,625= $40,375
Answer 2:
Total payroll costs would include the gross pay ($50,000) as well as the additional employer
payroll taxes ($2,625 FICA) and unemployment taxes ($250). In total, Lightning Electric
would report $52,875 as the total payroll cost for this pay period.

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