The entry that includes a debit to Payroll Taxes and Benefits Expense would also include credits to Social Security Tax Payable and Medicare Tax Payable.

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Payroll Taxes and Benefits Expense includes Social Security Tax and Medicare Tax. The entry would include debits to Payroll Taxes and Benefits Expense and credits to Social Security Tax Payable and Medicare Tax Payable to record the taxes withheld from employee paychecks.

The Entry That Includes a Debit to Payroll Taxes and Benefits