Larry,an Employee of Ramsay's,Inc

question 67

Multiple Choice

Larry,an employee of Ramsay's,Inc. ,has gross salary for March of $4,000.The entire amount is under the OASDI limit of $117,000 and thus subject to FICA.He is also subject to federal income tax at a rate of 18%.Larry has a deduction of $320 for health insurance and $80 for United Way.Which of the following is included in the entry to record the liability of payroll withholding deductions?

• A)debit to Salaries Payable
• B)credit to United Way Payable
• C)debit to FICA Taxes Payable
• D)debit to Cash

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Definitions:

Anxious

Experiencing worry, unease, or nervousness, typically about an imminent event or something with an uncertain outcome.

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Accurate Information

Information that is correct, precise, and free from error.

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Description of communication or behaviors that affirm and support others, often enhancing group morale and individual confidence.