Knowledge Check 01 Lopez Company has a single employee, who earns a salary of $60,000 per year. That employee is peld on the 15th 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 6.2%), FICA-Medicare Taxes (at 1.45%). 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 A credit to Salaries Expense for $2,500, a debit to FICA-Social Security Taxes Payable for $155, a debit to FICA-Medicare Taxes Payable for $36.25, a credit to Employee Federal Income Taxes Payable for $400, a debit to Employee State Income Taxes Payable for $25, o debit to Employee Medical Insurance Payable for $100, and a debit to Salorios Payable for $178375. A debit to Salaries Expense for $2.500 a credit to FICA-Social Security Taxes Pavable for $155. a credit to FICA-Medicare Taxes Pavable 0 79 313 Next >