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2. Assume the following payroll information for Jane Smith: Gross pay $10,000; deductions: income tax $2,500, FICA Social Security $620, FICA Medicare $145. What is

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2. Assume the following payroll information for Jane Smith: Gross pay $10,000; deductions: income tax $2,500, FICA Social Security $620, FICA Medicare $145. What is included in the journal entry to record the employer amounts of the payroll? Assume gross salary maximums have not been reached. a. FICA Social Security taxes of $620 b. FICA Medicare taxes payable of $290 c. Employer portion of income tax $2,500 d. None of the above. 3. Assume the following payroll information for Jane Smith: Gross pay $10,000; deductions: income tax $2,500, FICA Social Security $620, FICA Medicare $145; company health insurance plan, $100. What is the total amount remitted to the Internal Revenue Service by the employer? Assume gross salary maximums have not been reached a. $1,530 b. $4,030 c. $4,130 d. $6,530 4. Dorminie Inc. purchased $2,000 worth of merchandise inventory that it later sold to customer John Inc. for $3,000. What is the amount remitted to the state government for sales tax assuming a rate of 5%? a. S-0- b. $50 c. $100 d. S150

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