The following totals for the month of April were taken from the payroll records of Metz Company. $$\begin{array} { l r }
\text { Salaries } & \$ 90,000 \
\text { FlCA taxes withheld } & 6,885 \
\text { Income taxes withheld } & 19,800 \
\text { Medical insurance deductions } & 3,600 \
\text { Federal unemployment taxes } & 720 \
\text { State unemployment taxes } & 4,500
\end{array}$$ The entry to record the payment of net payroll would include a
A)debit to Salaries and Wages Payable for $54,495.
B)debit to Salaries and Wages Payable for $59,715.
C)debit to Salaries and Wages Payable for $55,215.
D)credit to Cash for $55,215.

Question

The following totals for the month of April were taken from the payroll records of Metz Company. $$\begin{array} { l r } 
\text { Salaries } & \$ 90,000 \
\text { FlCA taxes withheld } & 6,885 \
\text { Income taxes withheld } & 19,800 \
\text { Medical insurance deductions } & 3,600 \
\text { Federal unemployment taxes } & 720 \
\text { State unemployment taxes } & 4,500
\end{array}$$ The entry to record the payment of net payroll would include a
A)debit to Salaries and Wages Payable for $54,495.
B)debit to Salaries and Wages Payable for $59,715.
C)debit to Salaries and Wages Payable for $55,215.
D)credit to Cash for $55,215.

Quizplus · Accepted Answer

The Answer of The following totals for the month of April were taken from the payroll records of Metz Company. $$\begin{array} { l r } 
\text { Salaries } & \$ 90,000 \
\text { FlCA taxes withheld } & 6,885 \
\text { Income taxes withheld } & 19,800 \
\text { Medical insurance deductions } & 3,600 \
\text { Federal unemployment taxes } & 720 \
\text { State unemployment taxes } & 4,500
\end{array}$$ The entry to record the payment of net payroll would include a
A)debit to Salaries and Wages Payable for $54,495.
B)debit to Salaries and Wages Payable for $59,715.
C)debit to Salaries and Wages Payable for $55,215.
D)credit to Cash for $55,215.

The Following Totals for the Month of April Were Taken