QUESTION 3 What journal entry does an employer make to record accrued wages payroll (payroll expenses and liabilities)? Debits Cash for gross pay, debits payroll deductions to liability accounts, and credits Wages Payable for net pay Debits Wages Expense for gross pay, credits payroll deductions to liability accounts, and credits Cash for net pay Debits Wages Expense for gross pay, credits payroll deductions to liability accounts, and credits Wages Payable for net pay Debits Wages Payable for gross pay, debits payroll deductions to expense accounts, and credits Wages Expense for net pay QUESTION 4 An employer has one employee who earned $3,000 his first month of employment. The employee's federal income tax withholding (FITW) is $400, and the employee has voluntary monthly deductions of $125 for health insurance and $25 for union dues. The FICA tax rate for Social Security is 6.2% and the FICA tax rate for Medicare is 1.45%. The employer's FUTA tax rate is 0.6% and the SUTA tax rate is 5.4%. (Note: The limit for FICA Social Security is $128,400 and there is no limit for FICA Medicare. The limit is $7,000 for FUTA and $9,000 for SUTA.) What are the employee's total deductions for the first month of the year? $229.50 $779.50 $965,50 $996.50