An employee has total gross wages of $7,000, federal withholding of 15% and state withholding of 5%. Using this information, what is the correct journal entry for gross pay, federal and state withholdings, and FICA?

Group of answer choices

A.

B.

C.D.

Credit Debit $7,000.00 $535.50 $1,050.00 Wages Expense FICA Payable Federal Withholding Payable State Withholding Payable Net Payroll Payable $350.00 $5,064.50 Credit Debit $7,000.00 Wage Expense Net Payroll Payable $7,000.00 Credit FICA Payable Federal Withholding Payable State Withholding Payable Net Payroll Payable Debit $535.50 $1,050.00 $350.00 $1,935.50 Credit FICA Payable Federal Withholding Payable State Withholding Payable Net Payroll Payable Wages Expense Debit $535.50 $1,050.00 $350.00 $5,064.50 $7,000