60.1K
Verified Solution
Link Copied!
8.
The following totals for the month of April were taken from the payroll register of Tapper Company.
Salaries | $12,000 |
Social security and Medicare taxes withheld | 550 |
Employees federal income taxes withheld | 2,500 |
Medical insurance deductions | 450 |
Federal unemployment taxes | 32 |
State unemployment taxes | 216 |
The journal entry to record the monthly payroll on April 30 would include a
a.debit to Salaries Expense for $8,500.
b.credit to Employees Federal Income Taxes Payable for $2,500.
c.debit to Salaries Payable for $8,500.
d.debit to Salaries Payable for $8,252.
Answer & Explanation
Solved by verified expert