During january, luxury cruise lines incurs employee salaries of $1.1 million. withholdings in january are $84,150 for the employee portion of fica, $165,000 for federal income tax, $68,750 for state income tax, and $11,000 for the employee portion of health insurance (payable to blue cross blue shield). the company incurs an additional $68,200 for federal and state unemployment tax and $33,000 for the employer portion of health insurance. record the necessary entries in the journal entry

Explanation:

The journal entries are shown below:

1. Salary expense A/c Dr $1,100,000

             To income tax payable A/c $233,750

             To FICA Tax payable A/c    $84,150

             To Accounts payable A/c    $11,000

             To Salaries payable A/c       $771,100

(Being the expenses and Withholding are recorded and the remaining balance is credited to salary payable account)

2. Salary expense A/c Dr $33,000

         To Accounts payable A/c    $33,000

(Being the employer portion of health insurance is recorded)

3. Payroll tax expense A/c Dr $152,350

      To FICA Tax payable A/c    $84,150

      To Unemployment tax payable A/c $68,200

(Being payroll tax expense is recorded)

answer; i believe that the correct answer is (d)when the products are consumed or

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