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What was the total labor cost to the company

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Question - Oaks Company has completed the payroll for the month of January, reflecting the following data:

Salaries and wages earned $87,000

Employee income taxes withheld 9,000

FICA payroll taxes* 6,100

Assessed on both employer and employee (i.e., $6,100 each).

Required -

a. What was the total labor cost to the company?

b. What was the amount of the employees' take-home pay?

Reference no: EM133116718

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