Beau Brentley earned $60,000 in 2011 from his job at Bridgestone Tires.He had 15% of his gross pay withheld for federal income taxes,6.2% withheld for FICA Social Security taxes,and 1.45% withheld for Medicare taxes.What amount will Bridgestone Tires report as salary expense for 2011?

Question

Quizplus · Accepted Answer

The salary expense reported by Bridgestone Tires for Beau Brentley would be his gross pay of $60,000, as withholdings for taxes are deductions from the employee's gross income and do not affect the employer's reported salary expense.

Beau Brentley Earned $60,000 in 2011 from His Job at Bridgestone