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2. I dont understand why the answer is b d. Revenues that have been collected Dul Corpor ation 2. As of February 28, American Greetings

image text in transcribed2. I dont understand why the answer is b
d. Revenues that have been collected Dul Corpor ation 2. As of February 28, American Greetings inte ad 7,400 full-time and 17,400 part-time employees. 4. Assun long-t Ther annu inter lowi Assume that in the last pay period of the year, the company paid $8,000,000 to employees after deducting ,000,000 for employee income taxes, $612,000 for FICA taxes, and $700,000 for other purposes. No pay- ments have been made to the government relating to these taxes. Which of the following statements is true regarding this pay period? a. FICA Taxes Payable should be $612,000. b. FICA Taxes Payable should be $1,224,000. c. Salaries and Wages Expense should be $8,000,000. d. None of the above is true. b

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