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6) An employee earns wages of $300 over a 2 week period. Federal Income tax withheld is $30 and State Income tax Withheld is $8.64.

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6) An employee earns wages of $300 over a 2 week period. Federal Income tax withheld is $30 and State Income tax Withheld is $8.64. If the employees portion of FICA-Social Security is 6.2% and 1.45% for FICA-Medicare what is the journal entry the company would record? A) DR Wages Expense $238.41 CR Wages Payable $238.41 $30 $8.64 $261.36 B) DR Wages Expense $300 CR Federal Income Tax Pay. CR State Tax Pay. CR Cash C) DR Wages Expense $300 CR Federal Income Tax Pay. CR State Income Tax Pay. CR FICA Medicare Pay. CR FICA SS Pay. CR Cash D) DR Wages Expense $238.41 CR Federal Income Tax Pay. CR State Income Tax Pay. CR FICA Medicare Pay. CR FICA SS Pay. CR Cash $30 $8.64 $4.35 $18.60 $238.41 $30 $8.64 $4.35 $18.60 $300

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