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Dan Jones and Pat Smith are the only two employees of Lone Star Company In January. 2012. Dan's gross pay was $5,500 and Pat's gross
Dan Jones and Pat Smith are the only two employees of Lone Star Company In January. 2012. Dan's gross pay was $5,500 and Pat's gross pay was $5,900 All earnings are subject to FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45% Which of the following would be Included in the entry to record the payroll tax expense to be pad out by Lone Star Company for January? a credit to FICA?Medicare Tax payable for $165.30 a debit to FICA?OASDI for $165.30 a debt to Salary payable to employees for $165.30 a credit to Salary expense for $165.30
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