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The following totals for the month of April were taken from the payroll register of Sheffield...

The following totals for the month of April were taken from the payroll register of Sheffield Company. Salaries and wages $72100 FICA taxes withheld 5507 Income taxes withheld 14400 Medical insurance deductions 2610 Federal unemployment taxes 189 State unemployment taxes 1300 The entry to record the payment of net payroll would include a

credit to Cash for $55090.
debit to Salaries and Wages Payable for $48094.
debit to Salaries and Wages Payable for $49583.
debit to Salaries and Wages Payable for $44076.
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Answer #1

Answer:-

Salaries & Wages = $72,100

FICA taxes Withheld = $ 5,507

Income taxes withheld =$14,400

Medical insurance deductions = $ 2610

Federal unemployment taxes = $189

State unemployment taxes = $1300

So, The entry to record the payment of net payroll would include a debit to Salaries and Wages Payable for $49583.

Calculation are as follows:-

Salaries & Wages = $72,100

Less:- FICA taxes Withheld = $ 5,507

Less:- Income taxes withheld =$14,400

Less:-Medical insurance deductions = $ 2610

So Salaries and Wages Payable for $49583.

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