Use this information to answer the following question. The following totals for the month of July were taken from the payroll register of Greene Company:
The entry to record the accrual of federal unemployment tax (assume FUTA tax of .8 percent)would include a
A) credit to Federal Unemployment Tax Payable for $64.
B) debit to Federal Unemployment Tax Payable for $64.
C) debit to FUTA Tax Expense for $64.
D) credit to Payroll Taxes and Benefits Expense for $64.

Question

Use this information to answer the following question. The following totals for the month of July were taken from the payroll register of Greene Company:
 The entry to record the accrual of federal unemployment tax (assume FUTA tax of .8 percent)would include a
A) credit to Federal Unemployment Tax Payable for $64. 
B) debit to Federal Unemployment Tax Payable for $64. 
C) debit to FUTA Tax Expense for $64. 
D) credit to Payroll Taxes and Benefits Expense for $64.

Quizplus · Accepted Answer

The Answer of Use this information to answer the following question. The following totals for the month of July were taken from the payroll register of Greene Company:
 The entry to record the accrual of federal unemployment tax (assume FUTA tax of .8 percent)would include a
A) credit to Federal Unemployment Tax Payable for $64. 
B) debit to Federal Unemployment Tax Payable for $64. 
C) debit to FUTA Tax Expense for $64. 
D) credit to Payroll Taxes and Benefits Expense for $64.

Use This Information to Answer the Following Question