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Ch 12 & 13 Accounting

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Question
Answer
show Salary  
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A period covered by a salary payment   show
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The total amount earned by all employees for a pay period   show
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show Total Earnings  
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Taxes based on the payroll of a business   show
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show Withholding  
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All employees must report their withholding allowances to determine their federal tax witholding on a ____.   show
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A federal tax paid for hospital insurance   show
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show Tax Base  
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A business form used to record payroll information   show
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The total earnings paid to an employee after payroll taxes and other deductions   show
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show Employee Earnings Record  
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Employers must pay to the _______ the taxes withheld from employee earnings.   show
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show 6.4%  
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The employee social security tax rate is ___.   show
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show $7000  
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show expense  
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Employers must pay these payroll taxes:   show
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The source document for payment of a payroll is ____.   show
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show 941  
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show W-2  
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show W-3  
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show state unemployment tax  
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show a liability account  
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Created by: julieoelschlager
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