The following totals for the month of April were taken from the payroll register of Waterway Company. Salaries and wages $73100 FICA taxes withheld 5499 Income taxes withheld 14600 Medical insurance deductions 2660 Federal unemployment taxes 184 State unemployment taxes 1288 The entry to record the payment of net payroll would include a     debit to Salaries and Wages Payable for $48869.   debit to Salaries and Wages Payable for $50341.   debit to Salaries and Wages Payable for $44842.   credit to Cash for $55840.

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
22nd Edition
ISBN:9781305666160
Author:James A. Heintz, Robert W. Parry
Publisher:James A. Heintz, Robert W. Parry
Chapter9: Payroll Accounting: Employer Taxes And Reports
Section: Chapter Questions
Problem 1SEA: CALCULATION AND JOURNAL ENTRY FOR EMPLOYER PAYROLL TAXES Portions of the payroll register for...
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The following totals for the month of April were taken from the payroll register of Waterway Company.

Salaries and wages $73100
FICA taxes withheld 5499
Income taxes withheld 14600
Medical insurance deductions 2660
Federal unemployment taxes 184
State unemployment taxes 1288


The entry to record the payment of net payroll would include a

 

 

debit to Salaries and Wages Payable for $48869.

 

debit to Salaries and Wages Payable for $50341.

 

debit to Salaries and Wages Payable for $44842.

 

credit to Cash for $55840.
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