The more allowances an employee claims on a W-4 form, the more take- home pay the employee gets with each paycheck. True or false.LO.1 

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FICA PAYROLL REGISTER Deductions Distribution of Expense Accounts Fed. State nc. Inc. Med. Net Check Office Salaries Expense Soc. Sec. Medicare Tax Tax Ins. Pay No. XX XX XX XX XX XX XXX Market Wages Expense XXX Recording Payroll GENERAL JOURNAL Office Salaries Expense XXX Market Wages Expense XXX -FICA Soc. Sec. Payable XXX FICA Medicare Payable XXX Fed. Inc. Tax Payable XXX State Inc. Tax Payable XXX Med, Insurance Payable XXX Wages and Salaries Payable XXX To record payroll GENERAL JOURNAL Wages and Salaries Payable: Cash To pay payroll Paying Payroll Payroll Checking Cash Cash To put cash into an Acct XXX XXX XXX XXX Wages and Salaries Payable XXX Payroll Checking Cash XXX To pay payroll Posted to Ledger from Journal Payroll Checking Cash. Cash XX XX W & S Payable FICA-Social Security Payable XX XX FICA-Medicare Payable XX XX XX XX FIT Payable SIT Payable Med. Ins. Payable XX XX XX Office Salaries Expense XX Market Wages Expense XX