Multiple Choice
The following totals for the month of April were taken from the payroll register of Magnum Company.
The entry to record accrual of employer's payroll taxes would include a
A) debit to Payroll Tax Expense for $1,170
B) debit to FICA Taxes Payable for $1,500
C) credit to Payroll Tax Expense for $420
D) debit to Payroll Tax Expense for $1,620
Correct Answer:

Verified
Correct Answer:
Verified
Q17: Assuming no employees are subject to ceilings
Q28: Internal controls for cash payments also apply
Q44: Another name for the quick ratio is<br>A)
Q67: An employee receives an hourly rate of
Q82: Assuming a 360-day year, proceeds of $48,750
Q83: Federal unemployment compensation taxes that are collected
Q130: During the first year of operations, a
Q141: During May, Blast sold 650 portable CD
Q187: Federal income taxes withheld increase the employer's
Q193: The journal entry to record the cost