Use this information to answer the following question. The following totals for the month of September were taken from the payroll register of Meadors Company:

The entry to record the accrual of federal unemployment tax (assume FUTA tax of 0.8 percent)would include a
A)credit to Federal Unemployment Tax Payable for $64.
B)debit to Federal Unemployment Tax Payable for $64.
C)debit to FUTA Tax Expense for $64.
D)credit to Payroll Taxes and Benefits Expense for $64.

Question

Use this information to answer the following question. The following totals for the month of September were taken from the payroll register of Meadors Company:

The entry to record the accrual of federal unemployment tax (assume FUTA tax of 0.8 percent)would include a
A)credit to Federal Unemployment Tax Payable for $64. 
B)debit to Federal Unemployment Tax Payable for $64. 
C)debit to FUTA Tax Expense for $64. 
D)credit to Payroll Taxes and Benefits Expense for $64.

Quizplus · Accepted Answer

The Answer of Use this information to answer the following question. The following totals for the month of September were taken from the payroll register of Meadors Company:

The entry to record the accrual of federal unemployment tax (assume FUTA tax of 0.8 percent)would include a
A)credit to Federal Unemployment Tax Payable for $64. 
B)debit to Federal Unemployment Tax Payable for $64. 
C)debit to FUTA Tax Expense for $64. 
D)credit to Payroll Taxes and Benefits Expense for $64.

Use This Information to Answer the Following Question