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Ms. Appel

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True/False 1 True/False 2 Fill In The Blank 1

Fill In The Blank 2

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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?