(54) The following are payroll tax data related to the employees of a company: Federal Unemployment Taxes Payable FICA Taxes Payable, Employer State Unemployment Taxes Payable ☐ $1,000 $8,000 $6,000 What is needed in the journal entry to record these payroll tax data? ○ Debit to FICA taxes payable, employer for $8,000 Credit to payroll tax expense for $15,000 ○ Debit to payroll tax expense for $15,000 Debit to state unemployment taxes payable for $6,000
(54) The following are payroll tax data related to the employees of a company: Federal Unemployment Taxes Payable FICA Taxes Payable, Employer State Unemployment Taxes Payable ☐ $1,000 $8,000 $6,000 What is needed in the journal entry to record these payroll tax data? ○ Debit to FICA taxes payable, employer for $8,000 Credit to payroll tax expense for $15,000 ○ Debit to payroll tax expense for $15,000 Debit to state unemployment taxes payable for $6,000
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter8: Employer Taxes, Payments, And Reports
Section: Chapter Questions
Problem 4PA
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