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:

Melatonin

A hormone produced by the pineal gland that regulates sleep and wake cycles, often used as a supplement to treat sleep disorders.

Delayed Sleep Phase Type

A condition where an individual's sleep is delayed by two or more hours beyond the conventional bedtime, leading to difficulty in waking up at a desired time.

Nightmare Disorder

Sleep disorder characterized by nightmares frequent enough to cause significant distress or impairment in functioning.

Prazosin

A medication primarily used to treat high blood pressure and symptoms of post-traumatic stress disorder, by relaxing blood vessels and allowing blood to flow more easily.