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
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