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Carolina Corp. pays its employees on the last day of each month. For October, the following information is available for the October 31 payroll: FICA
Carolina Corp. pays its employees on the last day of each month. For October, the following information is available for the October 31 payroll: FICA taxes withheld totaled $40,000 Federal income taxes withheld totaled $35,000 State income taxes withheld totaled $20,000 Union dues withheld totaled $1,000 Net cash paid to employees totaled $190,000 Question: What should be the amount of "Salaries Expense" the company recognized in October? Question 23Select one: a. $190,000 b. $286,000 c. $95,000 d. $94,000 e. $285,000
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