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 Main company.
Salaries...........................       $12,000
Fica Taxes withheld................    $550
Income taxes withheld.........    $2,500
Medical Insurance deductions....$450
Federal Unemployment Taxes....$ 32
State Unemployment Taxes.......$216
The entry to record the payment of net payroll would include a

Question 7 options:

debit to Salaries Payable for $7,950

debit to Salaries Payable for $8,500

debit to Salaries Payable for $8,252

credit to Cash for $9,050

debit to Salaries Payable for $7,950

debit to Salaries Payable for $8,500

debit to Salaries Payable for $8,252

credit to Cash for $9,050

Explanation / Answer

debit to Salaries Payable for $8,500

Explantion below

Federal and state unemployment tax is the liability of employer so not deducted to calculate net payroll yaable

Accounts Title Dr CR Salaries Expenses $12,000 Federal income tax Payable 2500 FICA taxes payable 550 Medical Insurance Deduction 450 Net Payroll payabe 8500

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