The defined benefit plan of Lewis Company requires an annual pension cost of $120,000. On December 31, 20XX, Lewis pays $30,000 to the pension fund. The correct entry to record the payment is:

Debit Pension Expense $30,000; Credit Cash $30,000

Debit Pension Expense $120,000; Credit Cash $120,000

Debit Pension Expense $120,000; Credit Unfunded Pension Liability $90,000; Credit Cash $30,000

Debit Pension Expense $120,000; Credit Unfunded Pension Liability $30,000; Credit Cash $90,000

Which of the following would be included in determining an employer's payroll tax liability?

FUTA taxes, SUTA taxes, FICA taxes

FICA taxes, federal income tax

FUTA taxes, SUTA taxes, federal income tax

all of the above

The journal entry to record monthly salaries would include a:

credit to Payroll Taxes Expense

credit to Salaries Expense

debit to Payroll Taxes Expense

debit to Salaries Expense