The entry to record the accrual of Sheffield's Company's payroll taxes would include aO debit to Payroll Tax Expense for $11193.O credit to Payroll Tax Expense for $11193.O credit to Payroll Tax Expense for $4920.O credit to FICA Taxes Payable for $4920. The following totals for the month of June were taken from the payroll register of Sheffield Company.Salaries and wagesFICA taxes withheldIncome taxes withheldMedical insurance deductionsFederal unemployment taxesState unemployment taxes$8200062731760032004924428

The amount of taxes that an employer must pay in connection to the wages and salaries it pays its…

The following totals for the month of June were taken from the payroll register of Sheffield Company. Salaries and wages FICA taxes withheld Income taxes withheld Medical insurance deductions Federal unemployment taxes State unemployment taxes $82000 6273 17600 3200 492 4428

The following totals for the month of June were taken from the payroll register of Sheffield Company. Salaries and wages FICA taxes withheld Income taxes withheld Medical insurance deductions Federal unemployment taxes State unemployment taxes $82000 6273 17600 3200 492 4428

College Accounting (Book Only): A Career Approach

12th Edition

ISBN:9781305084087

Author:Cathy J. Scott

Publisher:Cathy J. Scott

Chapter8: Employer Taxes, Payments, And Reports

Section: Chapter Questions

Problem 7E: On September 30, Hilltop Companys selected payroll accounts are as follows: Prepare general journal...

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Question

The entry to record the accrual of Sheffield's Company's payroll taxes would include a
O debit to Payroll Tax Expense for $11193.
O credit to Payroll Tax Expense for $11193.
O credit to Payroll Tax Expense for $4920.
O credit to FICA Taxes Payable for $4920.

The following totals for the month of June were taken from the payroll register of Sheffield Company.
Salaries and wages
FICA taxes withheld
Income taxes withheld
Medical insurance deductions
Federal unemployment taxes
State unemployment taxes
$82000
6273
17600
3200
492
4428

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