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 $1,270
B) credit to FICA Taxes Payable for $1,700
C) credit to Payroll Tax Expense for $420
D) debit to Payroll Tax Expense for $2,120

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 $1,270 
B) credit to FICA Taxes Payable for $1,700 
C) credit to Payroll Tax Expense for $420 
D) debit to Payroll Tax Expense for $2,120

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 $1,270 
B) credit to FICA Taxes Payable for $1,700 
C) credit to Payroll Tax Expense for $420 
D) debit to Payroll Tax Expense for $2,120

The Following Totals for the Month of April Were Taken