Question 1

Gross pay less mandatory and voluntary deductions is called ____________________.

Accepted Answer

The answer of Gross pay less mandatory and voluntary deductions...

Question 2

The outputs from a manual or an electronic payroll accounting system include all of the following EXCEPT

Accepted Answer

A)  payroll checks. 
B)  a payroll register. 
C)  an employee earnings record. 
D)  time cards. 
A)  payroll checks. 
B)  a payroll register. 
C)  an employee earnings record. 
D)  time cards.

Question 3

Match the terms with the definitions.
- Payroll system in which all records are prepared by hand.

Accepted Answer

A) direct deposit 
B) electronic system 
C) employee 
D) employee earnings record 
E) Fair Labor Standards Act (FLS
A) 
F)FICA taxes
G)gross pay
H)independent contractor
I)manual system
J)net pay
K)payroll processing center
L)payroll register
M)salary
N)wage-bracket method
O)wages
P)withhol ding allowance 
A) direct deposit 
B) electronic system 
C) employee 
D) employee earnings record 
E) Fair Labor Standards Act (FLS
A) 
F)FICA taxes
G)gross pay
H)independent contractor
I)manual system
J)net pay
K)payroll processing center
L)payroll register
M)salary
N)wage-bracket method
O)wages
P)withhol ding allowance

Question 4

Payroll taxes withheld to provide Social Security and Medicare benefits are called ____________________.

Accepted Answer

The answer of Payroll taxes withheld to provide Social Security...

Question 5

A separate record of each employee's earnings is known as a(n)____________________.

Accepted Answer

employee e

Question 6

The needs of management and the requirements of various federal and state laws make it necessary for employers to keep records that will provide all of the following information for each employee EXCEPT

Accepted Answer

A)  name,address,and Social Security number. 
B)  gross amount of earnings,date of payment,and period of employment covered by each payroll. 
C)  gross amount of earnings accumulated since the first of the year. 
D)  number of hours the employee works as a volunteer for the community. 
A)  name,address,and Social Security number. 
B)  gross amount of earnings,date of payment,and period of employment covered by each payroll. 
C)  gross amount of earnings accumulated since the first of the year. 
D)  number of hours the employee works as a volunteer for the community.

Question 7

Employers primarily use the wage-bracket method to determine the amount of tax to be withheld from an employee's pay.

Accepted Answer

A) True 
 B)False

Question 8

Match the terms with the definitions.
-An employee's total earnings

Accepted Answer

A) direct deposit 
B) electronic system 
C) employee 
D) employee earnings record 
E) Fair Labor Standards Act (FLS
A) 
F)FICA taxes
G)gross pay
H)independent contractor
I)manual system
J)net pay
K)payroll processing center
L)payroll register
M)salary
N)wage-bracket method
O)wages
P)withhol ding allowance 
A) direct deposit 
B) electronic system 
C) employee 
D) employee earnings record 
E) Fair Labor Standards Act (FLS
A) 
F)FICA taxes
G)gross pay
H)independent contractor
I)manual system
J)net pay
K)payroll processing center
L)payroll register
M)salary
N)wage-bracket method
O)wages
P)withhol ding allowance

Question 9

The Social Security Tax Payable account is debited for Social Security taxes withheld and Social Security taxes imposed on the employer.

Accepted Answer

A) True 
 B)False

Question 10

The ____________________ account is credited for the Social Security tax withheld from an employee's earnings.

Accepted Answer

Social Sec

Question 11

A(n)____________________ exempts a specific dollar amount of an employee's gross pay from federal income tax withholding.

Accepted Answer

withholdin

Question 12

The employee's earnings record is a summary of the earnings of all employees for each pay period.

Accepted Answer

A) True 
 B)False

Question 13

The Fair Labor Standards Act requires employees to pay double the regular hourly rate for the time worked on Saturday.

Accepted Answer

A) True 
 B)False

Question 14

In an electronic system,only the employee number and hours worked need to be entered into a computer each pay period.

Accepted Answer

A) True 
 B)False

Question 15

Match the terms with the definitions.
-Payroll taxes withheld to provide Social Security and Medicare benefits.

Accepted Answer

A) direct deposit 
B) electronic system 
C) employee 
D) employee earnings record 
E) Fair Labor Standards Act (FLS
A) 
F)FICA taxes
G)gross pay
H)independent contractor
I)manual system
J)net pay
K)payroll processing center
L)payroll register
M)salary
N)wage-bracket method
O)wages
P)withhol ding allowance 
A) direct deposit 
B) electronic system 
C) employee 
D) employee earnings record 
E) Fair Labor Standards Act (FLS
A) 
F)FICA taxes
G)gross pay
H)independent contractor
I)manual system
J)net pay
K)payroll processing center
L)payroll register
M)salary
N)wage-bracket method
O)wages
P)withhol ding allowance

Question 16

For this text,it is assumed that the maximum amount of earnings subject to FICA taxes is

Accepted Answer

A)  $100,000. 
B)  $110,500. 
C)  $105,900. 
D)  $110,100 
A)  $100,000. 
B)  $110,500. 
C)  $105,900. 
D)  $110,100

Question 17

Government laws and regulations regarding payroll are much more complex for employees than for independent contractors.

Accepted Answer

A) True 
 B)False

Question 18

The payroll register is a summary of the annual earnings of each employee.

Accepted Answer

A) True 
 B)False

Question 19

Cameron Tiller is paid one and one-half times the regular hourly rate for all hours worked in excess of 40 hours per week and double time for work on Sunday.Tiller's regular rate is $12 per hour.During the week ended March 15,he worked 9 hours each day from Monday through Friday,6 hours on Saturday,and 4 hours on Sunday.Tiller's total regular earnings for the week ended March 15 are

Accepted Answer

A)  $110. 
B)  $216. 
C)  $480. 
D)  $430. 
A)  $110. 
B)  $216. 
C)  $480. 
D)  $430.

Question 20

The various government laws and regulations regarding employee deductions,employer payroll taxes,payroll records,and payroll reports apply only to employees and not to independent contractors.

Accepted Answer

A) True 
 B)False

Gross pay less mandatory and voluntary deductions is called ____________________.

The outputs from a manual or an electronic payroll accounting system include all of the following EXCEPT

Match the terms with the definitions. - Payroll system in which all records are prepared by hand.

Payroll taxes withheld to provide Social Security and Medicare benefits are called ____________________.

A separate record of each employee's earnings is known as a(n)____________________.

The needs of management and the requirements of various federal and state laws make it necessary for employers to keep records that will provide all of the following information for each employee EXCEPT

Employers primarily use the wage-bracket method to determine the amount of tax to be withheld from an employee's pay.

Match the terms with the definitions. -An employee's total earnings

The Social Security Tax Payable account is debited for Social Security taxes withheld and Social Security taxes imposed on the employer.

The ____________________ account is credited for the Social Security tax withheld from an employee's earnings.

A(n)____________________ exempts a specific dollar amount of an employee's gross pay from federal income tax withholding.

The employee's earnings record is a summary of the earnings of all employees for each pay period.

The Fair Labor Standards Act requires employees to pay double the regular hourly rate for the time worked on Saturday.

In an electronic system,only the employee number and hours worked need to be entered into a computer each pay period.

Match the terms with the definitions. -Payroll taxes withheld to provide Social Security and Medicare benefits.

For this text,it is assumed that the maximum amount of earnings subject to FICA taxes is

Government laws and regulations regarding payroll are much more complex for employees than for independent contractors.

The payroll register is a summary of the annual earnings of each employee.

The various government laws and regulations regarding employee deductions,employer payroll taxes,payroll records,and payroll reports apply only to employees and not to independent contractors.

Introduction to Accounting

Analyzing Transactions: the Accounting Equation

The Double-Entry Framework

Journalizing and Posting Transactions

Adjusting Entries and the Work Sheet

Financial Statements and the Closing Process

Accounting for Cash

Payroll Accounting: Employer Taxes and Reports

Module Accounting For A Professional Service Business The Combination Journal

Filters

Exam 8: Payroll Accounting: Employee Earnings and Deductions

Gross pay less mandatory and voluntary deductions is called ____________________.

The outputs from a manual or an electronic payroll accounting system include all of the following EXCEPT

Match the terms with the definitions. - Payroll system in which all records are prepared by hand.

Payroll taxes withheld to provide Social Security and Medicare benefits are called ____________________.

A separate record of each employee's earnings is known as a(n)____________________.

The needs of management and the requirements of various federal and state laws make it necessary for employers to keep records that will provide all of the following information for each employee EXCEPT

Employers primarily use the wage-bracket method to determine the amount of tax to be withheld from an employee's pay.

Match the terms with the definitions. -An employee's total earnings

The Social Security Tax Payable account is debited for Social Security taxes withheld and Social Security taxes imposed on the employer.

The ____________________ account is credited for the Social Security tax withheld from an employee's earnings.

A(n)____________________ exempts a specific dollar amount of an employee's gross pay from federal income tax withholding.

The employee's earnings record is a summary of the earnings of all employees for each pay period.

The Fair Labor Standards Act requires employees to pay double the regular hourly rate for the time worked on Saturday.

In an electronic system,only the employee number and hours worked need to be entered into a computer each pay period.

Match the terms with the definitions. -Payroll taxes withheld to provide Social Security and Medicare benefits.

For this text,it is assumed that the maximum amount of earnings subject to FICA taxes is

Government laws and regulations regarding payroll are much more complex for employees than for independent contractors.

The payroll register is a summary of the annual earnings of each employee.

The various government laws and regulations regarding employee deductions,employer payroll taxes,payroll records,and payroll reports apply only to employees and not to independent contractors.

Introduction to Accounting

Analyzing Transactions: the Accounting Equation

The Double-Entry Framework

Journalizing and Posting Transactions

Adjusting Entries and the Work Sheet

Financial Statements and the Closing Process

Accounting for Cash

Payroll Accounting: Employer Taxes and Reports

Module Accounting For A Professional Service Business The Combination Journal

Filters