
Gross payroll for the employees of lord company totals $800,000 per week. from this must be withheld social security taxes of 6.20% and medicare taxes of 1.45%. in addition, federal and state income tax withholdings amount to 10% of gross payroll. which one of the following is in the summary journal entry to record the payment of payroll for one week? a. debit to social security payable for $99,200 b. credit to compensation expense for $861,200 c. credit to medicare payable for $11,600 d. debit to income tax withholding payable for $80,000 credit to cash for $658,800

Answers: 2
Another question on Business

Business, 31.01.2019 22:41
How do communism and socialism differ in terms of the role that government plays in the economy ?
Answers: 1

Business, 30.01.2019 02:30
Reagan corporation is a wholesale distributor of truck replacement parts. initial amounts taken from reagan's records are as follows:
Answers: 1

Business, 29.01.2019 17:41
In his speech on varying explanations of how the earth came into existence, eduardo begins with opinions, moves to inferences, and uses scientific facts in support of his last point. what principle of supporting material organization is eduardo utilizing in his speech?
Answers: 3

Business, 27.01.2019 23:08
3. why would the sale of counterfeit products through its sites be damaging to alibaba?
Answers: 2
You know the right answer?
Gross payroll for the employees of lord company totals $800,000 per week. from this must be withheld...
Questions


Computers and Technology, 24.01.2020 22:01

Mathematics, 24.01.2020 22:01

Mathematics, 24.01.2020 22:01


Mathematics, 24.01.2020 22:01





Mathematics, 24.01.2020 22:00



Biology, 24.01.2020 22:00




