Question
The following totals for the month of September were taken from the payroll register of Meadors Company: Salaries expense $24,000 Social security and Medicare taxes
The following totals for the month of September were taken from the payroll register of Meadors Company:
Salaries expense $24,000
Social security and Medicare taxes withheld 1,100
Income taxes withheld 5,000
Medical insurance deductions 500
Life insurance deductions 400
Salaries subject to federal and state unemployment taxes of 6.2 percent 8,000
The amount of liabilities relating to payroll, other than Salaries Payable, is
| a. $8,356 | ||
| b. | $7,496 | |
| c. | $7,256 | |
| d. | $8,596 |
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Auditing A Practical Approach
Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton
4th Edition
0730382648, 978-0730382645
