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Find the entry to record payment of net pay would include a

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Reference no: EM132679936

Problem 1: The total earnings of an employee for a payroll period is referred to as

A. take-home pay

B. pay net of taxes

C.net pay

D. gross pay

Problem 2: The following totals for the month of June taken from the payroll register of Arcon Company:

A. Salaries expense $14,000

B. Social security and Medicare Taxes withheld 975

C.Income Taxes withheld 2,600

D. Retirement Savings 1,000

Problem 3: The entry to record the payment of net pay would include a

A. Debit to Salaries Payable for $14,000

B. Debit to Salaries Payable for $9,425

C. Credit to Salaries Expense for $9,425

D. Credit to Salaries Payable for $9,425

Reference no: EM132679936

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