Multiple Choice
The Payroll records of Oregon Mist contained the following information for the month of November:
The journal entry to record the monthly Payroll Tax Expense would include a:
A) debit to Payroll Tax Expense of $25,200.
B) credit to FICA Taxes Payable of $43,400.
C) debit to Payroll Tax Expense of $48,650.
D) debit to Payroll Tax Expense of $26,950.
Correct Answer:

Verified
Correct Answer:
Verified
Q31: If total assets increase but total liabilities
Q32: The Ideal Corp.has the following information its
Q34: A company issued 10-year,7% bonds with a
Q54: A company issued 10-year,8% bonds with a
Q134: The carrying value of bonds payable equals:<br>A)bonds
Q148: The discount on a bonds payable becomes:<br>A)additional
Q149: No mention is required in the financial
Q184: During the year,the company recorded services provided
Q207: Contingent liabilities arise from past transactions,but depend
Q225: Which of the following are generally recorded