Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. topirama, inc. pays gross wages of $100,000 and wi

Topirama, Inc. pays gross wages of $100,000 and withholds $7,650 for FICA and $16,500 for...

80.2K

Verified Solution

Question

Accounting

Topirama, Inc. pays gross wages of $100,000 and withholds $7,650 for FICA and $16,500 for FITW. No employees have earned wages of $7,000 year to date. Whats the journal entry to record employer federal taxes? A Debit Payroll Tax Expense $8,250, credit FICA Employer Payable $7,650, and credit FUTA Payable $600. B Debit Payroll Tax Expense $7,650, and credit FICA Employer Payable $7,650. C Debit Payroll Tax Expense $7,650, and credit Cash $7,650. D Debit Payroll Tax Expense $24,150, credit FICA Employer Payable $7,650, and credit FITW Payable $16,500

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!
Become a Member

Other questions asked by students

Q

p(x)=x^4-2x^3+x^2+2x-2 zero: 1-i use the given zero to find all the zeros of the polynomial function

Basic Math
Q

1) If, in using a lead-acid battery to start a car, 1.00 g of Pb is...

Chemistry
Q

Systematics or Phylogeny studies the relationships of organisms A physical C evolutionary B inferred D...

Biology
Q

Performance of a network is depends on OI O port connected to network Reliability and...

Physics
Q

A boat capsized and sank in a lake Based on an assumption of a mean...

Statistics
Q

Which polynomial function graphed below that has a real zero of multiplicity 2 N O...

Algebra
Q

(b) which option should be...

Accounting
Q

Llotal sales B. Rudd Company has budgeted sales revenue as follows for the next 4...

Accounting
Q

Consider the following information: The company would report net cash provided by operating activities of:...

Accounting
Q

Sheridan Cruises purchased a five-year insurance policy for its ships on April 1,2020 for $70400....

Accounting
Q

Miley, a single taxpayer, plans on reporting $33,075 of taxable income this year (all of...

Accounting
Q

Take-a-Break Travel Company offers spring break travel packages to college students. Two of its packages,...

Accounting