Art Parrish, the Sole Employee of Parrish Sales, Has Gross

question 59

Multiple Choice

Art Parrish, the sole employee of Parrish Sales, has gross salary for March of $4,000. The entire amount is under the OASDI limit of $110,100, and thus subject to FICA. He is also subject to federal income tax at a rate of 18%. Art has a deduction of $320 for health insurance and $80 for United Way. Which of the following is included in the entry in the payroll cycle to record the disbursement of his net pay?

• A)credit to Salaries and Wages Payable
• B)debit to United Way Payable
• C)debit FICA Tax Payable
• D)credit Cash

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Definitions:

Autosomal Recessive

A mode of inheritance in which a trait or disorder is expressed only when two copies of a mutant gene are present, one from each parent.

Homozygous Normal

A genetic condition where an individual has two identical alleles for a trait that are considered the standard or "normal."

Heterozygous

Having two different alleles at the same locus on a chromosome, resulting in genetic variation for a particular trait.

Gene Therapy

Gene therapy is a medical treatment designed to rectify genetic disorders by introducing, removing, or altering genetic material within a patient's cells.