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Use this information for Magnum Company to answer the following question. The following totals for the month of April were taken from the payroll register of Magnum Company: Salaries $10,000 FICA taxes withheld 750 Income taxes withheld 2,000 Medical insurance deductions 450 Unemployment taxes 420 The entry to record the accrual of the employer's payroll taxes would include a

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Answer:

Debit to pay roll tax expense for $1,170

Explanation:

Based on the information given The journal entry to record the accrual of the employer's payroll taxes would include a DEBIT to pay roll tax expense for $1,170 which is calculated as:

FICA taxes withheld 750

Add Unemployment taxes 420

Debit to pay roll tax expense for $1,170

(750+420)