Show Time Remaining Question 18 of 24 4 Points Lookout Landscaping pays its employees for...
50.1K
Verified Solution
Link Copied!
Question
Accounting
Show Time Remaining Question 18 of 24 4 Points Lookout Landscaping pays its employees for $200,000 worth of fandscaping work done in October Federal Income Taxes of $26,000 will be withheld. Employee and employer social security tax is 6.2 and Medicare tax is 1.45%. The Federal Unemployment Tax rate is 0.4% and the State Unemployment Tax rate is 3. No employees have met their social security limit for the year. Which of the following would be included in the journal entry to record employee's pay? OACH. Social Security Tax Payable $12.400 B.Cr. Federal Unemployment Tax Payable 5800 C.C.Cash $200,000 D. Dr. Medicare Tax Expense 52,900 Reset Selection Mark for Review Was This Part 19 of 24.019 Question 19 of 24 4 Points Lookout Landscaping pays its employees for $200,000 worth of landscaping work done in October. Federal Income Taxes of 5.26.000 will be with held. Employee and employers security taxis 2 and Medicare taxis 1.A. The Federal Unemployment Tax rate is 0.4% and the State Unemployment Tax rate is 3. No employees have met their social security mar SO 888 22 ad DV
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: Zin AI - Your personal assistant for all your inquiries!
