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Which of the Following Is Debited in the Journal Entry

Question 18

Multiple Choice

Which of the following is debited in the journal entry to record the payment of the taxes shown on the quarterly 941 tax form?


A) Only Cash
B) FICA Social Security Tax Payable, FICA Medicare Tax Payable, and Employee's Federal Income Tax Payable
C) SUTA Tax Receivable (only employee) , FICA Medicare Tax Payable, and Federal Income Tax Payable
D) Only Federal Income Tax Payable
E) Federal Unemployment Tax (FUTA) Payable (only employee) and Federal Income Tax Payable

Correct Answer:

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