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Assume the following payroll information for Lizzie Border: Gross Pay $10,000 Income Tax. $2,500 FICA SSA. $620 FICA Medicare. $145 What is included in the
Assume the following payroll information for Lizzie Border: Gross Pay $10,000 Income Tax. $2,500 FICA SSA. $620 FICA Medicare. $145 What is included in the journal entry to record the employer amounts of the payroll? Assume gross salary maximus have not been reached. A. Salaries payable of $10,000 B. Employer portion of income tax $2,500 C. Salaries expense of $6,740 D. FICA Medicare taxes payable $145
Gross Pay $10,000
Income Tax. $2,500
FICA SSA. $620
FICA Medicare. $145
What is included in the journal entry to record the employer amounts of the payroll? Assume gross salary maximus have not been reached.
A. Salaries payable of $10,000
B. Employer portion of income tax $2,500
C. Salaries expense of $6,740
D. FICA Medicare taxes payable $145
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