Art Parrish, the Sole Employee of Parrish Sales, Has Gross

Multiple Choice

Art Parrish, the sole employee of Parrish Sales, has gross salary for March of $4,000. The entire amount is under the OASDI limit of $110,100, and thus subject to FICA. His year-to-date pay has already exceeded the $7,000 cap for FUTA and SUTA. Which of the following is a part of journal entry in the payroll cycle to record the employer's payroll taxes?

A) credit to Payroll Tax Expense
B) debit to FICA Tax Payable
C) credit to FICA-Medicare Tax Payable
D) debit to Cash