Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. (1 pts) 31) according to a summary of the payroll

(1 pts) 31) According to a summary of the payroll of Scotland Company, $450,000 was...

60.1K

Verified Solution

Question

Accounting

image

(1 pts) 31) According to a summary of the payroll of Scotland Company, $450,000 was subject to the 6.0% social security tax and $500,000 was subject to the 1.5% Medicare tax. Federal income tax withheld was $98,000. Also, $15,000 was subject to state (5.4%) and federal (0.8%) unemployment taxes. The journal entry to record accrued payroll taxes would include a a. debit to SUTA Payable of $810 b. debit to SUTA Payable of $18,900 C. credit to SUTA Payable of $810 d. credit to SUTA Payable of $18,900 B. C o o

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students