Multiple Choice
Texable,Inc.is required to match $45,900 for its portion of FICA and $4,700 for federal and state unemployment taxes.The entry to record Texable's payroll taxes includes:
A) debit to Payroll Tax Expense for $50,600.
B) credit to Payroll Tax Expense for $50,600.
C) debit to FICA Payable for $45,900.
D) debit to Unemployment Tax Payable of $4,700.
Correct Answer:
Verified
Correct Answer:
Verified
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