According to a summary of the payroll of Scotland Company, $450,000 was subject to the 6.0% social security taxand $500,000 was subject to the 1.5% Medicare tax. Federal income tax withheld was $98,000 . Also, $15,000 wassubject to state (4.2%) and federal (0.8%) unemployment taxes. The journal entry to record accrued salaries wouldinclude a

a. debit to Salary Payable of $450,000
b. credit to Salary Payable of $500,000
c. debit to Salary Expense of $500,000
d. credit to Salary Expense of $450,000


c

Business

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