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Speedy Delivery pays a weekly payroll of $170,000 that includes federal taxes wilthheld of $25,400, FICA taxes withheld of $15,780, and 401(k) withholdings of $18,000.
Speedy Delivery pays a weekly payroll of $170,000 that includes federal taxes wilthheld of $25,400, FICA taxes withheld of $15,780, and 401(k) withholdings of $18,000. The journal entry to record this payroll will include a credit to cash of............... $170,000.... $128,800.... 110,820... or $59,180?
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