Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Acctng. ch. 13 MC
Accounting I Ch. 13 Multiple Choice
| Question | Answer |
|---|---|
| All the payroll information needed to prepare payroll and tax reports is found on | the payroll register and the employee earnings record |
| The payroll journal entry is based on the totals of the payroll register | Total Earnings column, each deduction column, and the Net Pay column |
| The Total Earnings column total of a payroll register is journalized as a debit to | Salary Expense |
| The total of the Federal Income Tax column of a payroll register is credited to | a liability account |
| The total of the Net Pay column of the payroll register is credited to | an asset account |
| When a semimonthly payroll is paid, the credit to Cash is equal to the | net pay of all employees |
| Employer payroll taxes are | expenses |
| Payroll taxes that are paid by both the employer and the employee are | social security tax and Medicare tax |
| A tax paid to administer the unemployment program is the | federal unemployment tax |
| A state tax used to pay benefits to unemployed workers is the | state unemployment tax |
| An employee's earnings subject to unemployment taxes are referred to as | FUTA earnings |
| Each employer who withholds income tax, social security tax, and Medicare tax from employee earnings must furnish each employee an | IRS Form W-2 |
| Each employer is required by law to report payroll taxes on an | IRS Form 941 |
| The form used to report the annual earnings and payroll taxes for all employees to the Social Security Administration is the | W-3 |
| To record the payment of federal unemployment tax, the account debited is | a liability account |
Created by:
user-1944319