Solved

The Following Totals for the Month of April Were Taken

Question 74

Multiple Choice

The following totals for the month of April were taken from the payroll register of Magnum Company. Use this information to answer the questions that follow.​ The following totals for the month of April were taken from the payroll register of Magnum Company. Use this information to answer the questions that follow.​   -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 $1,170 B) ​debit to FICA Taxes Payable for $1,500 C) ​credit to Payroll Tax Expense for $420 D) ​debit to Payroll Tax Expense for $1,620
-The following totals for the month of April were taken from the payroll register of Magnum Company: The following totals for the month of April were taken from the payroll register of Magnum Company. Use this information to answer the questions that follow.​   -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 $1,170 B) ​debit to FICA Taxes Payable for $1,500 C) ​credit to Payroll Tax Expense for $420 D) ​debit to Payroll Tax Expense for $1,620 The entry to record accrual of employer's payroll taxes would include a


A) ​debit to Payroll Tax Expense for $1,170
B) ​debit to FICA Taxes Payable for $1,500
C) ​credit to Payroll Tax Expense for $420
D) ​debit to Payroll Tax Expense for $1,620

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions