The following totals for the month of April were taken from the payroll records of Metz Company.

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The following totals for the month of April were taken from the payroll records of Metz Company.

Salaries
$30,000
FICA taxes withheld
2,295
Income taxes withheld
6,600
Medical insurance deductions
1,200
Federal unemployment taxes
240
State unemployment taxes
1,500
 

The entry to record accrual of employer’s payroll taxes would include a

 

credit to FICA Taxes Payable for $1,740.

 

debit to Payroll Tax Expense for $4,035.

 

credit to Payroll Tax Expense for $4,035.

 

credit to Payroll Tax Expense for $1,740.

 
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