Mid-West Tutoring Had the Following Payroll Information on January 31

question 77

Multiple Choice

Mid-West Tutoring had the following payroll information on January 31: Assume: FICA tax rates are: OASDI 6.2% on a limit of $128,400 and Medicare 1.45%.
State Unemployment tax rate is 2% on the first $7,000.
Federal Unemployment tax rate is 0.8% on the first $7,000.
Federal Income Tax Withheld $900; State Income Tax Withheld $300.
Using the information above, the journal entry to record the employee's payroll expense would include:

• A) a debit to Payroll Tax Expense in the amount of $4,300.
• B) a debit to Wages and Salaries Expense in the amount of $4,300.
• C) a credit to Cash in the amount of $4,300.
• D) a credit to FUTA Payable for $120.

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Definitions:

Praises

Expressions of approval or admiration, often used to encourage or positively reinforce certain behaviors or achievements.

Generalization

In conditioning, the tendency for a CR to be evoked by stimuli that are similar to the stimulus to which the response was conditioned.

Pavlov's Experiment

A landmark study in behavioral psychology that demonstrated how dogs could be conditioned to salivate at the sound of a bell, associating it with food.

Closed Geometric Figures

Shapes whose edges are completely connected, enclosing a space.