Use this information to answer the following question. Baker Company has the following information for the pay period of January 1-15, 2010. Payment occurs on January 20.
$\begin{array}{lrlr}
\text { Gross payroll } & \$ 16,000 & \text { Federal income taxes withheld } & \$ 1,800 \
\text { Social security and Medicare rate } & 7.65 \% & \text { Federal unemployment tax rate } & 8 \% \
\text { State unemployment tax rate } & 5.4 \% & &
\end{array}$ The entry to record the payroll taxes expense would include a credit to
A) Salaries Payable.
B) Federal Income Taxes Payable.
C) Social Security Tax Payable.
D) Cash.

Question

Quizplus · Accepted Answer

The payroll taxes expense entry includes a credit to Social Security Tax Payable for the employer's portion of the Social Security and Medicare taxes.

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