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6 pts D Question 28 Klatenborn Il Company's weekly gross payroll totals $430,000. In making this payment, Klatenborn Il must consider the effects of the

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6 pts D Question 28 Klatenborn Il Company's weekly gross payroll totals $430,000. In making this payment, Klatenborn Il must consider the effects of the following taxes (and their associated rates): Social Security: 6.20% Medicare: 1.45% Federal Income Tax Withholding: 10.00% State Income Tax Withholding: 5.00% Federal Unemployment Insurance: 3.40% State Unemployment Insurance: 2.40% Which ONE of the following is in the SUMMARY JOURNAL ENTRY to record the payment of payroll for one wok? O A CREDIT to Social Security Payable for $26,660 O A CREDIT to Cash for $332,605 A CREIDT to State Income Tax Withholding Payable for $10,320 A CREDIT to State Unemployment Insurance Payable for $14,620 A CREDIT to Cash for $307,665 A DEBIT to Compensation Expense for $585,230 A CREDIT to Federal Income Tax Withholding Payable for $86,000 A DEBIT to Compensation Expense for $430,000

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