The following totals for the month of April were taken from the payroll register
ID: 2468747 • Letter: T
Question
The following totals for the month of April were taken from the payroll register of Noll 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 journal entry to record the accrual of employer's payroll taxes would include a
Question 5 options:
debit to Payroll Tax expense for $496
credit to FICA Taxes Payable for $2,200
debit to Payroll Tax Expense for $1,596
credit to Payroll Tax Expense for $496
debit to Payroll Tax expense for $496
credit to FICA Taxes Payable for $2,200
debit to Payroll Tax Expense for $1,596
credit to Payroll Tax Expense for $496
Explanation / Answer
debit to Payroll Tax Expense for $1,596
pay roll tax epenses are
FICA taxes withheld..................................1,100
Federal unemployment taxes..........................64
State unemployment taxes...........................432
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