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 include Social Security Tax Payable, Medicare Tax Payable, and Federal Unemployment Tax Payable. Therefore, the credit entry should be to Social Security Tax Payable.

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