The following totals for the month of April were taken from the payroll records of Crane Service Company. Salaries $82000 FICA taxes withheld 6273 Income taxes withheld 17100 Medical insurance deductions 3075 Federal unemployment taxes 220 State unemployment taxes 1476 The entry to record accrual of employer's payroll taxes would include a O credit to FICA Taxes Payable for $12546. O debit to Payroll Tax Expense for $1696. O debit to Payroll Tax Expense for $7969. O credit to Payroll Tax Expense for $1696.
The following totals for the month of April were taken from the payroll records of Crane Service Company. Salaries $82000 FICA taxes withheld 6273 Income taxes withheld 17100 Medical insurance deductions 3075 Federal unemployment taxes 220 State unemployment taxes 1476 The entry to record accrual of employer's payroll taxes would include a O credit to FICA Taxes Payable for $12546. O debit to Payroll Tax Expense for $1696. O debit to Payroll Tax Expense for $7969. O credit to Payroll Tax Expense for $1696.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no

Transcribed Image Text:The following totals for the month of April were taken from the payroll records of Crane Service Company.
Salaries
$82000
FICA taxes withheld
6273
Income taxes withheld
17100
Medical insurance deductions
3075
Federal unemployment taxes
220
State unemployment taxes
1476
The entry to record accrual of employer's payroll taxes would include a
O credit to FICA Taxes Payable for $12546.
O debit to Payroll Tax Expense for $1696.
O debit to Payroll Tax Expense for $7969.
O credit to Payroll Tax Expense for $1696.
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps

Recommended textbooks for you


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON

Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education

Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education