According to a Summary of the Payroll of Scotland Company,$450,000

Multiple Choice

According to a summary of the payroll of Scotland Company,$450,000 was subject to the 6.0% social security tax and $500,000 was subject to the 1.5% Medicare tax.Federal income tax withheld was $98,000.Also,$15,000 was subject to state 4.2% and federal 0.8% unemployment taxes.The journal entry to record accrued salaries would include a

A) debit to Salaries Payable of $313,000
B) credit to Salaries Payable of $364,500
C) debit to Salaries Expense of $364,500
D) credit to Salaries Expense of $313,000