Calculate the total payroll costs to the company

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Question - During one pay period, your company distributes $133,000 to employees as net pay. The income tax withholdings were $19,500 and the FICA withholdings were $8,963. Total payroll costs to the company for this pay period, excluding any unemployment taxes, was:

a.$133,000.

b.$161,463.

c.$152,500.

d.$170,426

What are the steps to solving this problem?

Reference no: EM132441204

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