The Ideal Corp.has the following information its payroll records:

The employer amount of FICA taxes that Ideal is required to pay is equal to the amount that it withholds from its employees.Assume no other payroll taxes are incurred at this time.What is Ideal's total expense with regards to this payroll?
A) $80,000
B) $85,000
C) $100,000
D) $105,000

Question

The Ideal Corp.has the following information its payroll records:

The employer amount of FICA taxes that Ideal is required to pay is equal to the amount that it withholds from its employees.Assume no other payroll taxes are incurred at this time.What is Ideal's total expense with regards to this payroll?
A) $80,000 
B) $85,000 
C) $100,000 
D) $105,000

Quizplus · Accepted Answer

The Answer of The Ideal Corp.has the following information its payroll records:

The employer amount of FICA taxes that Ideal is required to pay is equal to the amount that it withholds from its employees.Assume no other payroll taxes are incurred at this time.What is Ideal's total expense with regards to this payroll?
A) $80,000 
B) $85,000 
C) $100,000 
D) $105,000