Multiple Choice
Sierra Blanca Co.is required to match $82,620 for its portion of FICA and $8,460 for federal and state unemployment taxes.The entry to record Sierra Blanca's payroll taxes includes:
A) debit to Payroll Tax Expense for $91,080.
B) credit to Payroll Tax Expense for $91,080.
C) debit to FICA Payable for $82,620.
D) debit to Unemployment Tax Payable of $8,460.
Correct Answer:
Verified
Correct Answer:
Verified
Q33: Because interest rates have fallen,a company retires
Q34: The Discount on Bonds Payable account is
Q35: Bonds that are backed by collateral are
Q36: On October 1,Pinnacle Co.signs a note for
Q37: Which of the following statements about the
Q39: On October 1,2018,Saddleback,Inc.negotiates with its bank to
Q40: The annual interest payment on bonds:<br>A)increases over
Q41: On January 1,2018,a company issues 3-year
Q42: Accruing a liability always involves _ expenses
Q43: A corporate bond with a face value