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Ms. Appel
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Final
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?