If a Company's Gross Wages Are $12,000, and It Withholds

question 51

Multiple Choice

If a company's gross wages are $12,000, and it withholds $1,800 for income taxes and $800 for FICA taxes and other deductions, the journal entry to record the employees' pay should include a:

• A) debit to Wages Expense for $9,400.
• B) debit to Wages Payable for $9,400.
• C) credit to Wages Payable for $12,000.
• D) credit to Cash for $9,400.

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Definitions:

Traditionals

Individuals or groups who adhere to long-established customs, beliefs, and values, often resisting change.

Valuing Tradition

The appreciation and adherence to long-standing practices, beliefs, and values passed down through generations.

Providing Organization

A providing organization is an entity that offers resources, support, or services to individuals or other organizations.

Openness to Experience

A personality dimension that involves the willingness to try new things, be open to new ideas, and engage in creative and imaginative pursuits.