Use This Information to Answer the Following Question The Entry to Record the Accrual of Federal Unemployment Tax

question 147

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 entry to record the accrual of federal unemployment tax (assume FUTA tax of .8 percent) would include a

• A) credit to Federal Unemployment Tax Payable for $32.
• B) debit to Federal Unemployment Tax Payable for $32.
• C) debit to FUTA Tax Expense for $32.
• D) credit to Payroll Taxes and Benefits Expense for $32.

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Definitions:

Male Employees

Workers identified as male within an organization or workplace.

Significance Level

Significance level is a threshold in hypothesis testing, denoted as alpha, representing the probability of rejecting the null hypothesis when it is true, used to ascertain the strength of the evidence against the null hypothesis.

Mean Response Time

The average time it takes for a system or individual to respond to a given stimulus or request.

Significance Level

In hypothesis testing, it's the threshold below which a p-value suggests that the observed data are unlikely under the null hypothesis, leading to its rejection.