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The ledger accounts of Ferbie Tracking Inc. for March 31 of the current year includes the following credit balances: FICA Taxes Payable - OASDI (917.83),
The ledger accounts of Ferbie Tracking Inc. for March 31 of the current year includes the following credit balances: FICA Taxes Payable - OASDI (917.83), FICA Taxes Payable - HI (214.65), Employees FIT Payable - ($700.00), FUTA Taxes Payable - ($49.12), SUTA Taxes Payable - ($496.09). *hint: both employee and employer shares of OASDI and HI are reflected in the general ledger accounts The entry to deposit their 941 payroll tax liability includes a credit to cash of: a. $1,881.60. b. $1,832.48. c. $2,377.69. d. $2,964.96
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