Use this information to answer the following question. $\begin{array}{lrlr}
\text { Gross payroll } & \$ 16,000 & \text { Federal income taxes withheld } & \$ 1,800 \
\text { Social security and Medicare rate } & 7.65 \% & \text { Federal unemployment tax rate } & .8 \%\
\
\text { State unemployment tax rate}&5.4 \%
\end{array}$

The entry to record the payroll taxes expense would include a credit to

Question

Use this information to answer the following question. $\begin{array}{lrlr}
\text { Gross payroll } & \$ 16,000 & \text { Federal income taxes withheld } & \$ 1,800 \
\text { Social security and Medicare rate } & 7.65 \% & \text { Federal unemployment tax rate } & .8 \%\
\
\text { State unemployment tax rate}&5.4 \%
\end{array}$

The entry to record the payroll taxes expense would include a credit to

Quizplus · Accepted Answer

Payroll taxes expense includes Social Security Tax Payable, which is a liability account. Therefore, the entry to record the payroll taxes expense would include a credit to Social Security Tax Payable.

Use This Information to Answer the Following Question The Entry to Record the Payroll Taxes Expense Would Include