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Harrison, an employee of Saft Associates, Inc., has gross salary for March of $4,000. The entire ...

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Harrison, an employee of Saft Associates, Inc., has gross salary for March of $4,000. The entire ...

Harrison, an employee of Saft Associates, 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. He is also subject to federal income tax at a rate of 18%. Harrison has a deduction of $320 for health insurance and $80 for United Way. Which of the following is included in the entry to record the disbursement of his net pay?
A) credit to Salaries and Wages Payable
B) credit to Cash
C) debit to FICA Taxes Payable
D) debit to United Way Payable

Textbook

Horngren's Financial & Managerial Accounting, The Financial Chapters

Edition: 5^th

Authors: Miller-Nobles, Mattison, Matsumura

Read 260 times

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Really appreciate your help. Sorry for taking so long to thank you, you deserve the recognition.

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Thanks! I greatly appreciate it.

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