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In the Following Payroll Transaction,what Is the Amount of the Net

Question 26

Multiple Choice

In the following payroll transaction,what is the amount of the net pay?  Jun 23 Wages and salaries expense 5222,349,839.00 Federal withholding taxpayable 220399,472.63 Social Seourity taxpayable 221145,170.77 Medicare tax payable 22233,951.23401(k)  oontributions payable 22393,993.56 Health Insurance payable 2248,375.00 State Income tax payable 227117,491.95 Wages and salaries payable 226???\begin{array}{|r|l|l|r|r|r|}\hline\text { Jun } & 23 & \text { Wages and salaries expense } & 522 & 2,349,839.00 & \\\hline & & \text { Federal withholding taxpayable } & 220 & & 399,472.63 \\\hline & & \text { Social Seourity taxpayable } & 221 & & 145,170.77 \\\hline & & \text { Medicare tax payable } & 222 & & 33,951.23 \\\hline & & 401(k) \text { oontributions payable } & 223 & & 93,993.56 \\\hline & & \text { Health Insurance payable } & 224 & & 8,375.00 \\\hline & & \text { State Income tax payable } & 227 & & 117,491.95 \\\hline & & \text { Wages and salaries payable } & 226 & & ? ? ? \\\hline\end{array}


A) $399,472.63
B) $2,349,839.00
C) $93,993.56
D) $1,551,383.86

Correct Answer:

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