The following totals for the month of April were taken from the payroll register of Magnum Company:

The entry to record accrual of employer's payroll taxes would include a
A) debit to Payroll Tax Expense for $1,170
B) debit to FICA Taxes Payable for $1,500
C) credit to Payroll Tax Expense for $420
D) debit to Payroll Tax Expense for $1,620

Question

The following totals for the month of April were taken from the payroll register of Magnum Company: ​
​
 The entry to record accrual of employer's payroll taxes would include a
A) ​debit to Payroll Tax Expense for $1,170 
B) ​debit to FICA Taxes Payable for $1,500 
C) ​credit to Payroll Tax Expense for $420 
D) ​debit to Payroll Tax Expense for $1,620

Quizplus · Accepted Answer

The Answer of The following totals for the month of April were taken from the payroll register of Magnum Company: ​
​
 The entry to record accrual of employer's payroll taxes would include a
A) ​debit to Payroll Tax Expense for $1,170 
B) ​debit to FICA Taxes Payable for $1,500 
C) ​credit to Payroll Tax Expense for $420 
D) ​debit to Payroll Tax Expense for $1,620

The Following Totals for the Month of April Were Taken