The following totals for the month of April were taken from the payroll records of Noll Company. $$\begin{array} { l r }
\text { Salaries } & \$ 120,000 \
\text { FICA taxes withheld } & 9,180 \
\text { Income taxes withheld } & 25,000 \
\text { Medical insurance deductions } & 4,500 \
\text { Federal unemployment taxes } & 320 \
\text { State unemployment taxes } & 2,160
\end{array}$$ The accrual of federal unemployment tax would include a(n)

Question

The following totals for the month of April were taken from the payroll records of Noll Company. $$\begin{array} { l r } 
\text { Salaries } & \$ 120,000 \
\text { FICA taxes withheld } & 9,180 \
\text { Income taxes withheld } & 25,000 \
\text { Medical insurance deductions } & 4,500 \
\text { Federal unemployment taxes } & 320 \
\text { State unemployment taxes } & 2,160
\end{array}$$ The accrual of federal unemployment tax would include a(n)

Quizplus · Accepted Answer

The accrual of federal unemployment tax involves recognizing the liability, which means increasing the Federal Unemployment Taxes Payable account by $320.

The Following Totals for the Month of April Were Taken