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The Entry to Record the Payment of Taxes Withheld from Employees

Question 21

Multiple Choice

The entry to record the payment of taxes withheld from employees and FICA taxes would be to:


A) credit Cash; debit FICA-Social Security Payable,FICA-Medicare Payable,and Federal Income Tax Payable.
B) debit Cash; credit FICA-Social Security Payable,FICA-Medicare Payable,and Federal Income Tax Payable.
C) credit Cash; credit FICA-Social Security Payable,FICA-Medicare Payable,and Federal Income Tax Payable.
D) None of these answers are correct.

Correct Answer:

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