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On October 15, Cross Eyeglasses had a balance of $4,440.00 in its Social Security tax payable account and $1,076.69 in its Medicare Tax Payable account.

On October 15, Cross Eyeglasses had a balance of $4,440.00 in its Social Security tax payable account and $1,076.69 in its Medicare Tax Payable account. It posted credit entries of $4,440.00 to Social Security tax payable and $1,076.69 to Medicare tax payable on its October 31 pay date. If Cross Eyeglasses is a monthly schedule depositor, what entry should appear on November 15 for the remittance of the month's FICA taxes?

a. Credit 5,516.69

b. Debit 11,033.38

c. Credit 1,076.69

d. Debit 4,440.00

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