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During One Pay Period,your Company Distributes $130,500 to Employees as Net

Question 32

Multiple Choice

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.

Correct Answer:

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