Answer:
Dr Salaries expense 60,000
CrIncome tax payable 12,000
CrFICA tax payable 4,590
Cr Salaries payable 43,410
Explanation:
Preparation for the journal entry that Yams should record for the payroll
Dr Salaries expense 60,000
Cr Income tax payable 12,000
Cr FICA tax payable 4,590
Cr Salaries payable 43,410
[60,000-(12,000+4,590)]
(60,000-16,590)
=43,410
(Being to record the payroll amount)
