The payroll of Lotus Store for August 2021 is as follows : total payroll was $340,000; income taxes in the amount of $80,000 were withheld, as was $9,000 in union dues; and the current Social Security tax is 8% of an employees wages. The employer must also remit 8% for employees wages for Social Security taxes. Which of the following is/are TRUE?

a. Lotus Store should recognize payroll tax expense for the amount of $54,400 because the employer must also remit 8% for employees wages for Social Security taxes.

b. When the salaries and wages paid, the Lotus should make a entry by debiting to the Salaries and Wages Payable and crediting to Cash for the amount of $340,000

c. Lotus Store will record Salaries and Wages Payable for the amount of $223,800.

d. The total amount of salaries and wages expense for August is $340,000

Which answers is/are correct? (The answer may have both above)