Question

Which of the following is included in the entry to record the​ employer's payroll​ taxes? (A) a credit to Payroll Tax Expense (B) a credit to Salaries Payable (C) a debit to State Unemployment Tax Payable (D) a credit to FICAlong dash—OASDI Tax Payable

Answer 1

(D) a credit to FICA - OASDI Tax Payable

Step-by-step explanation:

The journal entry to record the employer payroll expense is shown below:

Payroll tax expense A/c Dr XXXXX

To FICA - OASDI Tax payable A/c XXXXX

(Being payroll expense is recorded)

Since we have to record the expense so we debited the payroll expense account and credited the respective account to whom the entry is to be made i.e FICA - OASDI Tax Payable