Gross payroll for the employees of lord company totals $800,000 per week. from this must be withheld social security taxes of 6.20% and medicare taxes of 1.45%. in addition, federal and state income tax withholdings amount to 10% of gross payroll. which one of the following is in the summary journal entry to record the payment of payroll for one week? group of answer choices debit to social security payable for $99,200 credit to compensation expense for $861,200 credit to medicare payable for $11,600 debit to income tax withholding payable for $80,000 credit to cash for $658,800