Jason,an Employee of Fitzgerald,Inc

question 170

Multiple Choice

Jason,an employee of Fitzgerald,Inc.,has gross salary for March of $4,000.The entire amount is under the OASDI limit of $118,500,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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Definitions:

Oldowan

Relating to or denoting the earliest known stone tool industry, characterized by simple, mostly unifacial core and flake tools used by early humans.

Acheulean Technology

An archaeological term referring to a stone tool industry characterized by distinctive oval and pear-shaped hand-axes associated with early humans, particularly Homo erectus, dating from the Lower Paleolithic era.

Evolution

The process by which different kinds of living organisms are thought to have developed and diversified from earlier forms during the history of the earth, driven by natural selection, genetic drift, mutations, and gene flow.

Brain Evolution

The process through which changes occur over time in the brain structure of different species, contributing to the diversity of cognitive abilities and behaviors.