Knowledge Check $01$

Lopez Company has a single employee, who earns a salary of $$60,000$ per year. That employee is paid on the $15$ th and last day of each month. On January $15,$ based, in part, on the information set forth in the accounting records, the following must be withheld from the employee's pay: FICA$-$Social Security Taxes $($at $6\mathrm{.}2\%),$ FICA$-$Medicare Taxes $($at $1\mathrm{.}45\%),$ Employee Federal Income Taxes $($in the amount of $$400),$ Employee State Income Taxes $($in the amount of $$25),$ and Employee Medical Insurance $($in the amount of $$100).($The employee's paycheck has not yet been prepared.$)$

Entries to prepare the January $15$ journal entry for Lopez would include:

Multiple Choice

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