Wolf Company is giving a net bonus check of $500 to all of its employees. If each of the payments are subject to FIT (22% supplemental rate) and FICA taxes, but no state taxes, the gross amount of each bonus check would be
A) $710.73
B) $663.75
C) $656.00
D) $662.75
E) none of these
Correct Answer:
Verified
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