When Journalizing employer payroll taxes the payroll taxes expense account should be debited for what amount quizlet?

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debit to Payroll Tax Expense of $26,950.

The entry to record the payroll taxes includes a debit to Payroll Tax Expense of $26,950 (or Federal unemployment taxes of $3,500 + State unemployment taxes of $1,750 + FICA taxes − employer of $21,700), a credit to FICA Payable of $21,700, and a credit to Unemployment Tax Payable for $5,250 (or $3,500 + $1,750).

Debit Bonds Payable for $500,000, debit Loss on Bond Retirement for $3,250, and credit Cash for $503,250
Debit Bonds Payable for $500,000 (the face value), debit Loss on Bond Retirement for $3,250 (or cash paid to retire bonds of $503,250 − carrying value of $500,000), and credit Cash for $503,250 (the amount paid).

$100,000 debit to Salaries and Wages Expense.
The journal entry would include a debit to Salaries and Wages Expense for $100,000 (gross pay), a credit to Withheld Income Taxes Payable for $21,850 (or $18,000 + $3,850), a credit to FICA Payable for $8,150 (or $6,700 + $1,450), and a credit to Salaries and Wages Payable for $70,000 (net pay).

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