The journal entry to record the employer's payroll tax expense will include a debit to Employee Income Taxes Payable.

Question

Quizplus · Accepted Answer

The journal entry to record the employer's payroll tax expense will include a debit to Payroll Tax Expense and a credit to various liability accounts such as Social Security Taxes Payable, Medicare Taxes Payable, and Federal Unemployment Tax Payable. There is no debit to Employee Income Taxes Payable.

The Journal Entry to Record the Employer's Payroll Tax Expense