According to a Summary of the Payroll of Scotland Company,$450,000

question 162

Multiple Choice

According to a summary of the payroll of Scotland Company,$450,000 was subject to the 6.0% social security tax and $500,000 was subject to the 1.5% Medicare tax.Federal income tax withheld was $98,000.Also,$15,000 was subject to state 4.2% and federal 0.8% unemployment taxes.The journal entry to record accrued salaries would include a

• A)debit to Salary Payable of $450,000
• B)credit to Salary Payable of $500,000
• C)debit to Salary Expense of $500,000
• D)credit to Salary Expense of $450,000

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Definitions:

Spontaneous Depolarization

The self-initiated transition of a cell's membrane potential to a less negative value.

Cardiac Electrical Impulse

The electrical signals that stimulate the heart to contract, crucial for maintaining a consistent heart rhythm.

SA Node

Sinoatrial node, the heart’s natural pacemaker, located in the right atrium, responsible for setting the rate of heart beats by sending out electrical impulses.

Asystole

A state of no cardiac electrical activity, leading to a lack of contraction of the heart and cessation of blood flow; essentially, cardiac arrest.