Use the Following Information to Answer the Following Questions

question 135

Multiple Choice

Use the following information to answer the following questions. The following totals for the month of April were taken from the payroll register of Magnum Company.
The entry to record accrual of employer's payroll taxes would include a

• A) debit to Payroll Tax Expense for $248
• B) debit to FICA Taxes Payable for $1,800
• C) credit to Payroll Tax Expense for $248
• D) debit to Payroll Tax Expense for $1,148

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Definitions:

Gift Causa Mortis

A gift that is made in contemplation of one’s immediate death.

Contemplation

The action of looking thoughtfully at something for a long time or thinking about something deeply.

Probate

The judicial process in which a will is proven in a court of law to be valid or invalid, and the legal process of administering the estate of a deceased person.

Bailment Contract

An agreement where personal property is transferred from the bailor to the bailee for a specific purpose, with the expectation of return.