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During One Pay Period, Your Company Distributes $130,500 to Employees

Question 2

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. The total compensation expense 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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