To record the deposit of FUTA tax, the accountant would
A) debit Payroll Taxes Expense and credit Federal Unemployment Tax Payable.
B) debit Federal Unemployment Tax Payable and credit Cash.
C) debit Social Security Taxes Payable and credit Cash.
D) debit Payroll Taxes Expense and credit Cash.
Correct Answer:
Verified
Q19: Which of the following statements is NOT
Q20: Only the employer is responsible for paying
A)FUTA
Q21: Generally, the maximum earnings subject to state
Q22: Jackson Autos has one employee. As of
Q23: All of the following taxes are withheld
Q25: Employers usually record unemployment taxes at the
Q26: All of the following are internal control
Q27: Which of the following statements is correct?
A)The
Q28: Most states require that the employer file
Q29: Mr. Zee worked 48 hours during the
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