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Mashutka [201]
3 years ago
8

The employer amount of FICA taxes that Red Mountain is required to pay is equal to the amount that it withholds from its employe

es. Assume no other payroll taxes are incurred at this time. What is Red Mountain's total expense with regards to this payroll
Business
1 answer:
kolezko [41]3 years ago
5 0

Answer:

$189,000

Explanation:

The computation of total expense with regards to this payroll is shown below:-

Total expense = Salaries and wages earned by employees + Employer's portion of FICA taxes

= $180,000 + $9,000

= $189,000

Therefore for computing the total expenses with regards to this payroll we simply applied the above formula and we ignore all other values as they are not relevant.

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