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:

New York Stock Exchange

A leading global securities exchange where stocks, bonds, and other financial instruments are bought and sold, based in New York City.

Call Option

An agreement in finance that allows the purchaser the option, but not the duty, to acquire a stock, bond, commodity, or different asset at an agreed-upon price within a predetermined timeframe.

Risk-Free Interest Rate

The return on an investment that is guaranteed, with no risk of financial loss, typically associated with the most secure government bonds.

Strike Price

The specified price at which the buyer of an option can buy (call) or sell (put) the underlying security or commodity.