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.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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.
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.
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