{"id":61429,"date":"2022-05-15T23:47:16","date_gmt":"2022-05-15T23:47:16","guid":{"rendered":"https:\/\/assignmenttutors.net\/blog\/lightning-electronics-is-a-midsize-manufacturer-of-lithium-batteries\/"},"modified":"2022-05-15T23:47:16","modified_gmt":"2022-05-15T23:47:16","slug":"lightning-electronics-is-a-midsize-manufacturer-of-lithium-batteries","status":"publish","type":"post","link":"https:\/\/assignmenttutors.net\/blog\/lightning-electronics-is-a-midsize-manufacturer-of-lithium-batteries\/","title":{"rendered":"Lightning electronics is a midsize manufacturer of lithium batteries."},"content":{"rendered":"<div>\n<p>Lightning Electronics is a midsize manufacturer of lithium batteries. The company&#8217;s payroll records for the November 1-14 pay period show that employees earned wages totaling $50,000 but that employee income taxes totaling $7,000 and FICA taxes totaling $2,625 were withheld from this amount. The net pay was directly deposited into the employees&#8217; bank accounts. What was the amount of net pay? Assuming Lighting Electronics must also pay $250 of unemployment taxes for this pay period, what amount would be reported as the total payroll costs?<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Lightning Electronics is a midsize manufacturer of lithium batteries. The company&#8217;s payroll records for the November 1-14 pay period show that employees earned wages totaling $50,000 but that employee income taxes totaling $7,000 and FICA taxes totaling $2,625 were withheld from this amount. The net pay was directly deposited into the employees&#8217; bank accounts. What [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-61429","post","type-post","status-publish","format-standard","hentry","category-education"],"_links":{"self":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/61429","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/comments?post=61429"}],"version-history":[{"count":0,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/61429\/revisions"}],"wp:attachment":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/media?parent=61429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/categories?post=61429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/tags?post=61429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}