Use this information to answer the following question. Gross payroll $16,000 Federal income taxes withheld $1,800 Social security and Medicare rate 7.65% Federal unemployment tax rate .8% State unemployment tax rate 5.4% The entry to record the payroll taxes expense would include a credit to

a. Salaries Payable.
b. Federal Income Taxes Payable.
c. Social Security Tax Payable.
d. Cash.


C

Business

You might also like to view...

In the context of conflict-handling behavior modes, what are the characteristics of people in the accommodating mode?

What will be an ideal response?

Business

The duty not to commit waste means the tenant:

A. is responsible for the care and upkeep of the property. B. has the duty to make repairs irrespective of whether the damage was caused by his negligence or not. C. should take reasonable care to protect the property from criminal conduct. D. has the duty to pay rent in the agreed amount and at the agreed times.

Business

Chronologically, the last part of the master budget to be prepared would be the

a. pro forma financial statements. b. cash budget. c. capital budget d. production budget.

Business

Cultures that place more emphasis on informal education include Gambia and Bangladesh

Indicate whether the statement is true or false.

Business