Use This Information to Answer the Following Question The Journal Entry to Record the Monthly Payroll on November

question 72

Multiple Choice

Use this information to answer the following question. The following totals for the month of November were taken from the payroll register of Levine Company:
$\begin{array}{llr} \text {Salaries expense } &\$12,000\\ \text { Social security and Medicare taxes withheld } &550\\ \text { Income taxes withheld} &2,500\\ \text { Medical insurance deductions } &250\\ \text { Life insurance deductions} &200\\ \text { Salaries subiect to federal and state unemployment taxes of 6.2 percent } &4,000\\\end{array}$
The journal entry to record the monthly payroll on November 30 would include a

• A) debit to Salaries Expense for $12,000.
• B) debit to Salaries Payable for $12,000.
• C) credit to Salaries Payable for $12,000.
• D) debit to Salaries Expense for $8,500.

---

Definitions:

Diabetic Patient

A diabetic patient is a person diagnosed with diabetes, a chronic condition characterized by high levels of glucose in the blood.

Deductible

The amount paid out of pocket by the policyholder before an insurance company will cover the remaining costs attributed to a claim.

Policyholder

An individual or entity that owns an insurance policy, thereby having the insurance cover for specified risks.

Copayment

A fixed amount paid by a patient for healthcare services, with the remaining balance covered by their insurance plan.