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What is the amount of the contributions for pay date

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Question - McHale Enterprises has the following incomplete General Journal entry for the most recent pay date:

Date

Account Title

Account Number

Debit

Credit

October 27

Wages and salaries expense

522

$306,384.00

 

 

Federal withholding tax payable

220

 

$52,085.28

 

Social Security tax payable

221

 

18,462.64

 

Medicare tax payable

222

 

4,317.87

 

401(k) contributions payable

223

 

?

 

Health Insurance payable

224

 

8,599.54

 

Savings bonds payable

227

 

1,899.60

 

Wages and salaries payable

226

 

207,463.35

October 27

Wages and salaries payable

226

207,463.35

 

 

Cash

101

 

207,463.35

Required - What is the amount of the 401(k) contributions for the pay date?

a. $2,313.40

b. $15,708.38

c. $13,555.72

d. $9,462.46

Reference no: EM133067569

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