Ramon Gonzalez's gross pay for the week was $700.He had deductions of $85 for federal income tax,$43.40 for social security tax,$10.15 for Medicare tax as well as $5 for union dues.The journal entry to record his salary would include:
A) a debit to Employee Income Tax Payable for $85
B) a credit to Employee Income Tax Payable for $85
C) a debit to Salaries Payable for $700
D) a debit to Salaries Expense for $556.45

Question

Quizplus · Accepted Answer

The journal entry to record salary deductions includes a credit to Employee Income Tax Payable for the amount deducted for federal income tax, which is $85.

Ramon Gonzalez's Gross Pay for the Week Was $700