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100 200 400 300 400 True/False 1True/False 2Fill In The Blank 1 Fill In The Blank 2 300 200 400 200 100 500 100 FinalFinal
Row 1, Col 1 The source document for payment of a payroll is the time card What is False?
Row 1, Col 2 Employee withheld income tax, employee Social Security and Medicare tax, and employer Social Security and Medicare tax are paid periodically to the federal government in a combined payment. What is True?
Row 1, Col 3 List the payroll taxes which employers must pay What are Soc. Sec. & Medicare, Federal & State Unemployment?
Row 1, Col 4 Employers are required to furnish each employee with an annual statement of earnings and withholdings before what date What is January 31 of the following year?
Row 2, Col 1 Some employers must deposit payments for withheld employees’ federal income tax and social security and Medicare taxes on the next banking day. What is True?
Row 2, Col 2 Employer payroll taxes are business expenses. What is True?
Row 2, Col 3 In the entry to journalize paying the liability for the first quarter federal unemployment tax, the account credited would be this What is Cash?
Row 2, Col 4 The source document for paying state unemployment tax is this What is a Check?
Row 3, Col 1 Employer payroll taxes expense is based on a percentage of employee earnings. What is True?
Row 3, Col 2 The employer social security tax rate is not the same as the employee social security tax rate. What is False?
Row 3, Col 3 When a semimonthly payroll is paid, the credit to cash is equal to this What is Net Pay of All Employees?
Row 3, Col 4 The total of the Federal Income Tax column of a payroll register is credited to this type of account What is Liability?
Row 4, Col 1 An employer is not required to pay federal unemployment taxes on an employee who has already earned $7,000 during the calendar year. What is True?
Row 4, Col 2 All employers must deposit payments for withheld employees’ federal income tax and social security and Medicare taxes using the Electronic Federal Tax Payments System (EFTPS) What is False?
Row 4, Col 3 A federal tax used for state and federal administrative expenses of the unemployment program is What is Federal Unemployment Tax?
Row 4, Col 4 A state tax used to pay benefits to unemployed workers is What is State Unemployment Tax?
Row 5, Col 1 Each employer who withholds income tax and social security and Medicare tax from employee salaries must furnish each employee with a quarterly statement. What is False?
Row 5, Col 2 The transaction to record employer payroll taxes expense is journalized at the end of the quarter. What is False?
Row 5, Col 3 To record the employer payroll taxes expense, the following accounts are credited: Social Security Tax Payable, Medicare Tax Payable, and these 2 other accounts. What are Federal and State Unemployment Tax Payable (2 separate accounts)?
Row 5, Col 4 In general, employers are required to pay state unemployment taxes this often What is during the month following each calendar quarter.?
If an employee’s accumulated earnings are $6,500, and the employee earns another $1,500, how much of the employee’s earnings are subject to unemployment tax for the pay period?
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