Use This Information for Magnum Company to Answer the Following

question 179

Multiple Choice

Use this information for Magnum Company to answer the following questions.
​
The following totals for the month of April were taken from the payroll register of Magnum Company:
​
​
$$\begin{array} { l r } \text { Salaries } & \$ 12,000 \\\text { FICA taxes withheld } & 900 \\\text { Income taxes withheld } & 2,500 \\\text { Medical insurance deductions } & 450 \\\text { Federal unemployment taxes } & 32 \\\text { State unemployment taxes } & 216\end{array}$$ ​
-The journal entry to record the monthly payroll on April 30 would include a

• A) credit to Salaries Payable for $8,150
• B) debit to Salaries Expense for $7,902
• C) debit to Salaries Payable for $8,150
• D) debit to Salaries Payable for $7,902

---

Definitions:

International Trade

The swapping of commodities and services among different nations.

Unskilled Workers

Individuals who lack specialized skills, training, or qualifications for particular jobs or industries.

Imports

Goods and services purchased from other countries.

Services

Intangible products provided to consumers, which can include everything from legal advice to entertainment.