During one pay period,Star Valley Company distributes $234,900 to employees as net pay.The income tax withholdings were $34,200 and the FICA withholdings were $9,000.Total payroll costs to the company for this pay period,excluding any unemployment taxes,was:
A)$269,100.
B)$234,900.
C)$278,100.
D)$287,100.

Question

Quizplus · Accepted Answer

Payroll costs = Net pay to employees + Income taxes withheld from employees + FICA taxes withheld from employees + FICA taxes (matching contributions)
= $234,900 + $34,200 + $9,000 + $9,000 = $287,100

During One Pay Period,Star Valley Company Distributes $234,900 to Employees