The entry to record accrual of employer's payroll taxes would include a
A) debit to Payroll Tax Expense for $2,500
B) debit to FICA Taxes Payable for $1,800
C) credit to Payroll Tax Expense for $248
D) debit to Payroll Tax Expense for $1,148

Question

Quizplus · Accepted Answer

Payroll tax expense = FICA taxes withheld + Federal unemployment taxes + State unemployment taxes = $900 + $32 + $216 = $1,148
The entry to record the accrual of the employer's payroll taxes would include a debit to Payroll Tax Expense for $1,148.

The Entry to Record Accrual of Employer's Payroll Taxes Would