The Entry to Record the Payroll Tax Expense Would Include

question 84

Multiple Choice

The entry to record the payroll tax expense would include:

• A) a credit to Federal Income Taxes Payable.
• B) a debit to Pre-paid Tax Expense.
• C) a credit to FICA (OASDI and Medicare) Taxes Payable.
• D) a credit to Wages Payable.

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Definitions:

Comparison Measurement

A method in science and engineering to determine the difference in magnitude or quantity between two variables or systems.

Accurate

The level of agreement between the outcome of a measurement, calculation, or specification and the correct value or a norm.

Mass

A measure of the amount of matter in an object, typically in units of kilograms or grams.

True Value

The actual or accurate value which scientific measurements aim to approximate.