Question 1

Which one of the following payroll taxes is not withheld from the employee's wages because it is not levied on the employee?

Accepted Answer

A) Federal income tax 
B) Federal unemployment tax 
C) State income tax 
D) FICA tax 
A) Federal income tax 
B) Federal unemployment tax 
C) State income tax 
D) FICA tax

Question 2

A good internal control feature is to have several employees choose one person to punch all of their time cards.

Accepted Answer

A) True 
 B)False

Question 3

Employees claim allowances for income tax withholding on

Accepted Answer

A) Form W-4. 
B) Form W-2. 
C) Form 1040. 
D) Schedule A. 
A) Form W-4. 
B) Form W-2. 
C) Form 1040. 
D) Schedule A.

Question 4

Lucie Ball's regular rate of pay is $18 per hour with one and one-half times her regular rate for any hours which exceed 40 hours per week.She worked 48 hours last week.Therefore, her gross wages were

Accepted Answer

A) $864. 
B) $720. 
C) $936. 
D) $1,296. 
A) $864. 
B) $720. 
C) $936. 
D) $1,296.

Question 5

The tax that is paid equally by the employer and employee is the

Accepted Answer

A) federal income tax. 
B) federal unemployment tax. 
C) state unemployment tax. 
D) FICA tax. 
A) federal income tax. 
B) federal unemployment tax. 
C) state unemployment tax. 
D) FICA tax.

Question 6

The payroll is paid by the

Accepted Answer

A) personnel department. 
B) payroll department. 
C) cashier. 
D) treasurer's department. 
A) personnel department. 
B) payroll department. 
C) cashier. 
D) treasurer's department.

Question 7

Internal control over payroll is not necessary because employees will complain if they do not receive the correct amount on their payroll checks.

Accepted Answer

A) True 
 B)False

Which one of the following payroll taxes is not withheld from the employee's wages because it is not levied on the employee?

A good internal control feature is to have several employees choose one person to punch all of their time cards.

Employees claim allowances for income tax withholding on

Lucie Ball's regular rate of pay is $18 per hour with one and one-half times her regular rate for any hours which exceed 40 hours per week.She worked 48 hours last week.Therefore, her gross wages were

The tax that is paid equally by the employer and employee is the

The payroll is paid by the

Internal control over payroll is not necessary because employees will complain if they do not receive the correct amount on their payroll checks.

Accounting in Action

The Recording Process

Adjusting the Accounts

Completing the Accounting Cycle

Accounting for Merchandising Operations

Inventories

Fraud, Internal Control, and Cash

Accounting for Receivables

Plant Assets, Natural Resources, and Intangible Assets

Liabilities

Corporations: Organization, Share Transactions, Dividends,and Retained Earnings

Investments

Statement of Cash Flows

Financial Statement Analysis

Other Significant Liabilities

Filters

Exam 15: Payroll Accounting

Which one of the following payroll taxes is not withheld from the employee's wages because it is not levied on the employee?

A good internal control feature is to have several employees choose one person to punch all of their time cards.

Employees claim allowances for income tax withholding on

Lucie Ball's regular rate of pay is $18 per hour with one and one-half times her regular rate for any hours which exceed 40 hours per week.She worked 48 hours last week.Therefore, her gross wages were

The tax that is paid equally by the employer and employee is the

The payroll is paid by the

Internal control over payroll is not necessary because employees will complain if they do not receive the correct amount on their payroll checks.

Accounting in Action

The Recording Process

Adjusting the Accounts

Completing the Accounting Cycle

Accounting for Merchandising Operations

Inventories

Fraud, Internal Control, and Cash

Accounting for Receivables

Plant Assets, Natural Resources, and Intangible Assets

Liabilities

Corporations: Organization, Share Transactions, Dividends,and Retained Earnings

Investments

Statement of Cash Flows

Financial Statement Analysis

Other Significant Liabilities

Filters