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WileyPLUS Value Calculator X tps://edugen.wileyplus.com/edugen/Iti/main.uni Kimmel, Accounting, 6e ystem Announce Multiple Choice Question 114 The following totals for the month of April were taken from the payroll records of Splish Brothers Inc.. Salaries FICA taxes withheld Income taxes withheld Medical insurance deductions Federal unemployment taxes State unemployment taxes The entry to record the payment of net payroll would include a $144000 11020 30000 5400 380 2590 debit to Salaries and Wages Payable for $97580. debit to Salaries and Wages Payable for $86560. credit to Cash for $108600. debit to Salaries and Wages Payable for $94990. Click if you would like to Show Work for this question: Gpen Shox Wors

Explanation / Answer

Answer is debit to salaries and credit to wages payable $ 97580

Federal unemployement taxes and state unemployment taxes are not deducted from salaries as these are contributed towards the employees who have lost their jobs. so, we have arrived at the figure by ( $ 144000-11020+30000+5400)i.e. $97580

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