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ng to a summary of the payroll of Scotland Company, $450,000 was sub cial security tax and $500,000 was subject to the 1.5% Medicare tax. Fe held was $98,000. Also, $15,000 was subject to state (4.2%) and federa yment taxes. The journal entry to record the accrued payroll taxes woul pit to SUTA Payable for $18,900

ng to a summary of the payroll of Scotland Company, $450,000 was sub cial security tax and $500,000 was subject to the 1.5% Medicare tax. Fe held was $98,000. Also, $15,000 was subject to state (4.2%) and federa yment taxes. The journal entry to record the accrued payroll taxes woul pit to SUTA Payable for $18,900

College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter7: Employee Earnings And Deductions
Section: Chapter Questions
Problem 6E: On January 21, the column totals of the payroll register for Great Products Company showed that its...
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According to a summary of the payroll of Scotland Company, $450,000 was subject to the 6.0% social security tax and $500,000 was subject to the 1.5% Medicare tax.  Federal income tax withheld was $98,000.  Also, $15,000 was subject to state (4.2%) and federal (0.8%) unemployment taxes. The journal entry to record the accrued payroll taxes would include a

​

  a.
debit to SUTA Payable for $18,900
  b.
debit to SUTA Payable for $630
  c.
credit to SUTA Payable for $18,900
  d.
credit to SUTA Payable for $630
According to a summary of the payroll of Scotland Company, $450,000 was subject to the 6.0% social security tax and $500,000 was subject to the 1.5% Medicare tax. Federal income tax withheld was $98,000. Also, $15,000 was subject to state (4.2%) and federal (0.8%) unemployment taxes. The journal entry to record the accrued payroll taxes would include a a. debit to SUTA Payable for $18,900 b. debit to SUTA Payable for $630 c. credit to SUTA Payable for $18,900 d. credit to SUTA Payable for $630
Transcribed Image Text:According to a summary of the payroll of Scotland Company, $450,000 was subject to the 6.0% social security tax and $500,000 was subject to the 1.5% Medicare tax. Federal income tax withheld was $98,000. Also, $15,000 was subject to state (4.2%) and federal (0.8%) unemployment taxes. The journal entry to record the accrued payroll taxes would include a a. debit to SUTA Payable for $18,900 b. debit to SUTA Payable for $630 c. credit to SUTA Payable for $18,900 d. credit to SUTA Payable for $630
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