The following totals for the month of June were taken from the payroll register of Young Company: Salaries expense $15,000 Social security and Medicare Taxes withheld 1,125 Income Taxes withheld 3,000 Retirement Savings 500 Salaries subject to federal and state unemployment taxes of 6.2 percent 4,000 The entry to record the accrual of employer's payroll taxes would include a

A) debit to Payroll Taxes Expense for $2,498
B) credit to Social Security and Medicare Tax Payable for $2,250
C) debit to Payroll Taxes Expense for $1,373
D) Debit to Payroll Tax Expense for $1,125


C

Business

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