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College Accounting (Book Only): A ...

13th Edition
Scott + 1 other
ISBN: 9781337280570

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BuyFindarrow_forward

College Accounting (Book Only): A ...

13th Edition
Scott + 1 other
ISBN: 9781337280570
Textbook Problem

The entry to record the payment of state unemployment tax is _____.

  1. a. Payroll Tax Expense DR; State Unemployment Tax Payable CR
  2. b. State Unemployment Tax Payable DR; Payroll Tax CR
  3. c. State Unemployment Tax Payable DR; Cash CR
  4. d. Cash DR; State Unemployment Tax Payable CR
  5. e. None of the above

To determine

Identify the entry for the payment of state unemployment tax.

Explanation

State unemployment tax:

It is a tax that is levied on the employer based on the employee’s earnings during the calendar year by most of the states. The tax imposed on the employer by the states varies among states, it is imposed on the employer as to pay survival benefits for the unemployed workers.

DateAccount Title and explanationDebit ($)Credit ($)
 State unemployment tax payableXXX 
 ...

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