Which of the Following Entries Records an Employer's Payroll Taxes

question 87

Multiple Choice

Which of the following entries records an employer's payroll taxes?

• A) Debit to Payroll Tax Expense, credit to FICA Social Security Tax Payable, credit to FICA Medicare Tax Payable, credit to Federal Unemployment Tax Payable, and credit to State Unemployment Tax Payable
• B) Debit to Federal Unemployment Tax (FUTA) Payable, Debit to State Unemployment Tax (SUTA) Payable, and credit to Payroll Tax Expense
• C) Debit to Payroll Tax Payable, credit to Cash, credit to Federal Unemployment Tax Payable, and credit to State Unemployment Tax Payable
• D) Debit to Federal Expense, credit to Cash

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Definitions:

Class Consciousness

Class Consciousness is the awareness of one's place in a system of social classes, especially as it relates to the struggle between classes.

Individualism

A philosophy or social outlook that emphasizes the moral worth of the individual and prioritizes personal independence and self-reliance.

United States

A federal republic in North America consisting of 50 states, known for its significant influence on world politics, economy, and culture.

Functionalist

In sociology, functionalism is a theoretical perspective that views society as a complex system whose parts work together to promote solidarity and stability, emphasizing the interdependence of various social institutions.