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Business, 17.04.2020 15:49 lorenaandreahjimenez
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 FICAlong dash—Medicare Taxes Payable
B. debit to Cash
C. debit to FICA Taxes Payable
D. credit to Payroll Tax Expense
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Grant, an employee of Fitzgerald, Inc., has gross salary for March of $4,000. The entire amount is u...
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