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Sunset, Inc. has a policy of accruing $1,700 for every employee as a vacation benefit. Sarah, an employee, took a vacation. Which of the following
Sunset, Inc. has a policy of accruing $1,700 for every employee as a vacation benefit. Sarah, an employee, took a vacation. Which of the following is the correct journal entry for the vacation benefit paid? O A. Vacation Benefits Expense OB, Vacation Benefits Expense OC. Vacation Benefits Payable OD. Vacation Benefits Payable 1,417 Vacation Benefits Payable 1,417 1,700 1,700 1,417 Cash 1,700 Cash 1,700 Vacation Benefits Expense 1,417 Tan's gross pay or the week is $ 500. His ear-to-date pay is under the imit or OASD. Assume that the rate or state and ederal unemplo men onmpensation taxes s 6%, and that n s year-to-date, av has previously exceeded the $7,000 cap. What is the amount of state and federal unemployment tax that his employer must record as payroll tax expense and pay to the federal and state governments? OA. SO OB. $111.75 C. S21.75 OD. $90
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