Grant,an Employee of Fitzgerald,Inc

question 69

Multiple Choice

Grant,an employee of Fitzgerald,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.His year-to-date pay has already exceeded the $7,000 cap for FUTA and SUTA.Which of the following is a part of the journal entry to record the employer's payroll taxes?

• A)credit to Payroll Tax Expense
• B)debit to FICA Taxes Payable
• C)credit to FICA-Medicare Taxes Payable
• D)debit to Cash

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