Use This Information for Magnum Company to Answer the Following

question 179

Multiple Choice

Use this information for Magnum Company to answer the following questions.
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The following totals for the month of April were taken from the payroll register of Magnum Company:
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$$\begin{array} { l r } \text { Salaries } & \$ 12,000 \\\text { FICA taxes withheld } & 900 \\\text { Income taxes withheld } & 2,500 \\\text { Medical insurance deductions } & 450 \\\text { Federal unemployment taxes } & 32 \\\text { State unemployment taxes } & 216\end{array}$$ ​
-The journal entry to record the monthly payroll on April 30 would include a

• A) credit to Salaries Payable for $8,150
• B) debit to Salaries Expense for $7,902
• C) debit to Salaries Payable for $8,150
• D) debit to Salaries Payable for $7,902

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Definitions:

Leadership Style

Leadership style is the recurring pattern of behaviours exhibited by a leader.

Recurring Pattern

A sequence or a cycle of events or behaviors that repeat at regular intervals.

Blake And Mouton

A managerial grid model developed by Robert Blake and Jane Mouton, which categorizes management styles based on concern for people and concern for production.

Concern For People

The emphasis on the well-being, growth, and satisfaction of individuals within an organization, often considered a leadership quality.