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Use This Information to Answer the Following Question Payroll Taxes and Benefits Expense Would Be Recorded for
A)

Question 168

Multiple Choice

Use this information to answer the following question.  Gross payroll $16,000 Federal income taxes withheld $1,800 Social security and Medicare rate 7.65% Federal unemployment tax rate .8% State unemployment tax rate5.4%\begin{array}{lrlr}\text { Gross payroll } & \$ 16,000 & \text { Federal income taxes withheld } & \$ 1,800 \\\text { Social security and Medicare rate } & 7.65 \% & \text { Federal unemployment tax rate } & .8 \%\\\\\text { State unemployment tax rate}&5.4 \%\end{array}

Payroll Taxes and Benefits Expense would be recorded for


A) $1,224.
B) $2,216.
C) $4,016.
D) $992.

Correct Answer:

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