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# Lightning Electronics is a midsize manufacturer of lithium batteries-.docx

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# Lightning Electronics is a midsize manufacturer of lithium batteries-.docx

Lightning Electronics is a midsize manufacturer of lithium batteries. The company
Solution
The total amount - Income taxes - FICA taxes= 50,000-7,000-2,625= \$40,375
Total payroll costs would include the gross pay (\$50,000) as well as the additional employer payroll taxes (\$2,625 FICA) and unemployment taxes (\$250). In total, Lightning Electric would report \$52,875 as the total payroll cost for this pay period.
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Lightning Electronics is a midsize manufacturer of lithium batteries. The company
Solution
The total amount - Income taxes - FICA taxes= 50,000-7,000-2,625= \$40,375
Total payroll costs would include the gross pay (\$50,000) as well as the additional employer payroll taxes (\$2,625 FICA) and unemployment taxes (\$250). In total, Lightning Electric would report \$52,875 as the total payroll cost for this pay period.
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### Lightning Electronics is a midsize manufacturer of lithium batteries-.docx

1. 1. Lightning Electronics is a midsize manufacturer of lithium batteries. The company Lightning Electronics is a midsize manufacturer of lithium batteries. The company Solution Answer 1: The total amount - Income taxes - FICA taxes= 50,000-7,000-2,625= \$40,375 Answer 2: Total payroll costs would include the gross pay (\$50,000) as well as the additional employer payroll taxes (\$2,625 FICA) and unemployment taxes (\$250). In total, Lightning Electric would report \$52,875 as the total payroll cost for this pay period.