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blackboard.ecc.edu QUESTION 1 The following totals for the month of June were taken from the payroll register of Young Company: Salaries expense Social security and
blackboard.ecc.edu QUESTION 1 The following totals for the month of June were taken from the payroll register of Young Company: Salaries expense Social security and Medicare taxes withheld Income taxes withheld Retirement savings Salaries subject to federal and state $15,000 1,125 3,000 500 unemployment taxes of 6.2 percent 4,000 The entry to record the accrual of the employer's payroll taxes would include a debit to a Payroll Tax Expense for $2,498 b. Payroll Tax Expense for $3,000 c. Social Security and Medicare Tax Payable for S2.250 d.Payroll Tax Expense for $1,373 QUESTION 2 Most employers are required to withhold federal unemployment taxes from employee earnings. True False QUESTION 3 The journal entry used to record the payment of a discounted note is a debit Notes Payable; credit Cash b. debit Accounts Payable, credit Cash a.debit Notes Payable and Interest Expense; credit Cash d. debit Cash; credit Notes Payable Click Save and Submit to save and submit. Click Save All Answers to save all answers
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