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The entry to record the payment of federal taxes withheld of $12,000 from employees and total FICA taxes of $6,000 ($3,000 from withholding of which

The entry to record the payment of federal taxes withheld of $12,000 from employees and total FICA taxes of $6,000 ($3,000 from withholding of which $500 is for Medicare) would beANSWERUnselectedCredit Cash $18,000; debit FICA Social Security Payable $5,500, FICA Medicare Payable $500, and $12,000 Federal Income Tax PayableUnselectedCredit Cash $18,000; credit FICA Social Security Payable $6,000, FICA Medicare Payable $500, and Federal Income Tax Payable $12,000UnselectedDebit Cash $18,000; credit FICA Social Security Payable $5,500, FICA Medicare Payable $500, and $12,000 Federal Income Tax PayableUnselectedDebit Cash $18,000; credit FICA Social Security Payable $5,500, FICA Medicare Payable $500, and Federal Income Tax Payable $12,000

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