Question
The following totals for the month of April were taken from the payroll register of Main company.
Salaries……………………… $12,000
Fica Taxes withheld……………. $550
Income taxes withheld……… $2,500
Medical Insurance deductions….$450
Federal Unemployment Taxes….$ 32
State Unemployment Taxes…….$216
The entry to record the payment of net payroll would include a
Question 7 options:
debit to Salaries Payable for $7,950
debit to Salaries Payable for $8,500
debit to Salaries Payable for $8,252
credit to Cash for $9,050
|
debit to Salaries Payable for $7,950 |
|
debit to Salaries Payable for $8,500 |
|
debit to Salaries Payable for $8,252 |
|
credit to Cash for $9,050 |