Salaries $90,000 FICA taxes withheld
Posted: Thu May 19, 2022 3:52 pm
Salaries
$90,000
FICA taxes
withheld
6,885
Income taxes
withheld
19,800
Medical insurance
deductions
3,600
Federal unemployment
taxes
720
State unemployment
taxes
4,500
The entry to record the payment of net payroll would include
a:
a) debit to Salaries and Wages Payable for $54,495.
b) debit to Salaries and Wages Payable for $59,715
c) debit to Salaries and Wages Payable for $55,21
d) credit to Cash for $55,215
$90,000
FICA taxes
withheld
6,885
Income taxes
withheld
19,800
Medical insurance
deductions
3,600
Federal unemployment
taxes
720
State unemployment
taxes
4,500
The entry to record the payment of net payroll would include
a:
a) debit to Salaries and Wages Payable for $54,495.
b) debit to Salaries and Wages Payable for $59,715
c) debit to Salaries and Wages Payable for $55,21
d) credit to Cash for $55,215