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Question 38 1 pts An employee earns $1,500 in wages for the current month and withhold 6.2% in FICA-Social Security, 1.45% in FICA-Medicare, and $300

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Question 38 1 pts An employee earns $1,500 in wages for the current month and withhold 6.2% in FICA-Social Security, 1.45% in FICA-Medicare, and $300 in Federal withholding. The journal entry to record the paycheck is: DR Wages Expense $1,500; CR Federal Withholding Pay, $300; CR FICA-SS Pay. $93; CR FICA-Medicare Pay. $21.75; CR Cash $1,085.25 DR Wages Expense $1,085.25; CR Federal Withholding Pay. $300; CR FICA-SS Pay. $93; CR FICA-Med Pay. $21.75; CR Cash $1,500 DR Cash $1,085.25; DR Federal Withholding Pay. $300; DR FICA-SS Pay. $93; DR FICA Med. Pay $21.75: CR Wages Expense $1,500 DR Wages Expense $1,500; CR Federal Withholding Pay, $300; CR FICA-SS Pay. $6.2; CR FICA-Med. Pay. $1.45: CR Cash $1,192.35

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