The journal entry to record the payroll for a period will include a credit to Salaries and Wages Payable for the gross
A) amount less all payroll deductions.
B) amount of all paychecks issued.
C) pay less taxes payable.
D) pay less voluntary deductions.

Question

Quizplus · Accepted Answer

The credit to Salaries and Wages Payable should be for the gross amount of the payroll, which is the total amount of wages earned by employees before any deductions are taken out. The credit should be for the gross amount less all payroll deductions, including taxes and voluntary deductions.

The Journal Entry to Record the Payroll for a Period