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

Question

Quizplus · Accepted Answer

The credit to Wages and Salaries Payable reflects the net amount owed to employees after all payroll deductions, including taxes and voluntary deductions, have been subtracted from the gross pay.

The Journal Entry to Record the Payroll for a Period