what would the entry to recors the accrual of federal unemployment tax include? ...

70.2K

Verified Solution

Question

Accounting

what would the entry to recors the accrual of federal unemployment tax include? image
Multiple Choice Question 116 The following totals for the month of April were taken from the payroll records of Concord Corporation. Salaries $96000 FICA taxes withheld 7340 Income taxes withheld 20000 Medical insurance deductions 3600 Federal unemployment taxes 260 1730 State unemployment taxes The entry to record the accrual of federal unemployment tax would include a O credit to Federal Unemployment Taxes Payable for $260. O debit to Federal Unemployment Taxes Payable for $260. O debit to Federal Unemployment Taxes Expense for $260. O credit to Payroll Tax Expense for $260. Click if you would like to Show Work for this question: Open Show Work Question Atter

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