Multiple Choice Question 114 The following totals for the month of April were ta

Question

Multiple Choice Question 114 The following totals for the month of April were taken from the payroll records of Kingbird, Inc. Salaries FICA taxes withheld Income taxes withheld Medical insurance deductions Federal unemployment taxes State unemployment taxes The entry to record the payment of net payroll would include a $136800 10470 28500 5100 360 2460 O debit to Salaries and Wages Payable for $82260. debit to Salaries and Wages Payable for $90270. O debit to Salaries and Wages Payable for $92730. O credit to Cash for $103200 Click if you would like to Show Work for this question: Qpen Show Work

Explanation / Answer

Debit to Salaries and wages Payable for $92730

(136800-10470-28500-5100)

It excludes Federal unemployment taxes and state unemployment taxes

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