Which of the Following Is Included in the Entry to Record

question 86

Multiple Choice

Which of the following is included in the entry to record the employer's payroll taxes?

• A) A debit to State unemployment tax payable
• B) A credit to Payroll tax expense
• C) A credit to FICA tax payable
• D) A credit to Salary payable to employees

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Definitions:

Price

The monetary value anticipated, needed, or dispensed for acquiring something.

Utility Increases

A situation where the satisfaction or benefit derived from consuming goods or services rises.

Diminishing Marginal Utility

The principle that as more of a good or service is consumed, the additional satisfaction or utility gained from consuming an additional unit decreases.

Sodas

Carbonated beverages, often sweetened and flavored, forming part of the non-alcoholic drinks market.