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A company pays its employees for work done during the month. The total wage expense...

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Accounting

A company pays its employees for work done during the month. The total wage expense is $100,000. The federal tax rate is 20%, state tax rate is 5%, and the FICA employer and employee tax rate is 6%.image

) Question 2 4 pts A company pays its employees for work done during the month. The total wage expense is $100,000. The federal tax rate is 20%, state tax rate is 5%, and the FICA employer and employee tax rate is 6%. What is the total cash paid to employees during the month? $63,000 $69,000 $75,000 $100,000

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