The following totals for the month of April were taken from the payroll register

Question

The following totals for the month of April were taken from the payroll register of Kirk Company.

Salaries
$24,000
FICA taxes withheld
1,100
Income taxes withheld
5,000
Medical insurance deductions
900
Federal unemployment taxes
64
State unemployment taxes
432


The entry to record accrual of Kirk Company's payroll taxes would include a


A. credit to Payroll Tax Expense for $496.


B. debit to Payroll Tax Expense for $496.


C. debit to Payroll Tax Expense for $1,596.


D. credit to FICA Taxes Payable for $2,200.

Explanation / Answer

Hi, If you like my answer rate me first...that way only I can earn points. Thanks Tax paid is an expense, so increase is debited Total tax paid =432 + 64 = $496 So answer is B)

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