Question 1

In the case of a federal tax levy, the employee will notify the employer of the amount the employee wants taken out of his or her paycheck.

Accepted Answer

A) True 
 B)False

Question 2

The wage and salaries expense account is an operating expense account debited for total net pay each payroll period.

Accepted Answer

A) True 
 B)False

Question 3

If employees must contribute to the state unemployment fund, this deduction should be shown in the payroll tax entry.

Accepted Answer

A) True 
 B)False

Question 4

In all computerized payroll systems, there is still the need to manually post from the printed payroll journal entry to the general ledger.

Accepted Answer

A) True 
 B)False

Question 5

Since FUTA tax is paid only once a quarter, the FUTA tax expense is recorded only at the time of payment.

Accepted Answer

A) True 
 B)False

Question 6

FUTA Taxes Payable is an expense account in which are recorded the employer's federal unemployment taxes.

Accepted Answer

A) True 
 B)False

Question 7

Deductions from gross pay in the payroll register are reflected on the credit side of the journal entry to record the payroll.

Accepted Answer

A) True 
 B)False

Question 8

For child support garnishments, tips are considered part of an employee's disposable earnings.

Accepted Answer

A) True 
 B)False

Question 9

Carmen Gaetano worked 46 hours during this payweek. He is paid time-and-a-half for hours over 40 and his pay rate is $17.90/hour. What was his overtime premium pay for this workweek?

Accepted Answer

A)  $107.40 
B)  $161.10 
C)  $50.70 
D)  $53.70 
E)  $26.85 
A)  $107.40 
B)  $161.10 
C)  $50.70 
D)  $53.70 
E)  $26.85

Question 10

The entry made at the end of the accounting period to record wages incurred but unpaid is:

Accepted Answer

A)  Wages Expense      Wages Payable 
B)  Wages Expense      FICA Taxes Payable-OASDI
     FICA Taxes Payable-HI
     FIT Payable
     Wages Payable 
C)  Wages Payable      Cash 
D)  Wages Expense      Cash 
E)  Wages Expense Payroll Taxes
     Wages Payroll 
A)  Wages Expense      Wages Payable 
B)  Wages Expense      FICA Taxes Payable-OASDI
     FICA Taxes Payable-HI
     FIT Payable
     Wages Payable 
C)  Wages Payable      Cash 
D)  Wages Expense      Cash 
E)  Wages Expense Payroll Taxes
     Wages Payroll

Question 11

FICA Taxes Payable-HI is a liability account in which is recorded the liability of the employer for the HI tax on the employer as well as for the HI tax withheld from employees' wages.

Accepted Answer

A) True 
 B)False

Question 12

The employee's earnings record provides information for each of the following except :

Accepted Answer

A)  completing Forms W-2. 
B)  completing the journal entry to record the payroll. 
C)  determining when the accumulated wages of an employee reach cutoff levels. 
D)  preparing reports required by state unemployment compensation laws. 
E)  preparing the payroll register. 
A)  completing Forms W-2. 
B)  completing the journal entry to record the payroll. 
C)  determining when the accumulated wages of an employee reach cutoff levels. 
D)  preparing reports required by state unemployment compensation laws. 
E)  preparing the payroll register.

Question 13

Exhibit 6-1   Refer to Exhibit 6-1 . Journalize the entry to record the payroll.

Accepted Answer

The answer of Exhibit 6-1   Refer to Exhibit...

Question 14

Which of the following accounts is an expense account in which an employer records the FICA, FUTA, and SUTA taxes?

Accepted Answer

A)  Wages Expense 
B)  Payroll Taxes 
C)  SUTA Taxes Payable 
D)  Salaries Payable 
E)  None of the above 
A)  Wages Expense 
B)  Payroll Taxes 
C)  SUTA Taxes Payable 
D)  Salaries Payable 
E)  None of the above

Question 15

An employee's marital status and number of withholding allowances never appear on the payroll register.

Accepted Answer

A) True 
 B)False

Question 16

Exhibit 6-1 
The totals from the first payroll of the year are shown below.  
-Refer to Exhibit 6-1 .  Journalize the adjustment for accrued wages for the following Monday, which is the end of the accounting period.  The gross payroll for that day is $7,475.

Accepted Answer

Wages Expense

Question 17

Every state allows employers to make e-payment options as a condition of employment.

Accepted Answer

A) True 
 B)False

Question 18

Posting to the general ledger for payroll entries is done only at the end of each calendar year.

Accepted Answer

A) True 
 B)False

Question 19

Which of the following items would require an adjusting entry at the end of each accounting period?

Accepted Answer

A)  Garnishment for child support payments 
B)  Withholdings for a 401(k) plan 
C)  Vacation pay earned by employees 
D)  Union dues withheld 
E)  None of the above 
A)  Garnishment for child support payments 
B)  Withholdings for a 401(k) plan 
C)  Vacation pay earned by employees 
D)  Union dues withheld 
E)  None of the above

Question 20

The employer keeps track of each employee's accumulated wages in the employee's earnings record.

Accepted Answer

A) True 
 B)False

In the case of a federal tax levy, the employee will notify the employer of the amount the employee wants taken out of his or her paycheck.

The wage and salaries expense account is an operating expense account debited for total net pay each payroll period.

If employees must contribute to the state unemployment fund, this deduction should be shown in the payroll tax entry.

In all computerized payroll systems, there is still the need to manually post from the printed payroll journal entry to the general ledger.

Since FUTA tax is paid only once a quarter, the FUTA tax expense is recorded only at the time of payment.

FUTA Taxes Payable is an expense account in which are recorded the employer's federal unemployment taxes.

Deductions from gross pay in the payroll register are reflected on the credit side of the journal entry to record the payroll.

For child support garnishments, tips are considered part of an employee's disposable earnings.

Carmen Gaetano worked 46 hours during this payweek. He is paid time-and-a-half for hours over 40 and his pay rate is $17.90/hour. What was his overtime premium pay for this workweek?

The entry made at the end of the accounting period to record wages incurred but unpaid is:

FICA Taxes Payable-HI is a liability account in which is recorded the liability of the employer for the HI tax on the employer as well as for the HI tax withheld from employees' wages.

The employee's earnings record provides information for each of the following except :

Exhibit 6-1 Refer to Exhibit 6-1 . Journalize the entry to record the payroll.

Which of the following accounts is an expense account in which an employer records the FICA, FUTA, and SUTA taxes?

An employee's marital status and number of withholding allowances never appear on the payroll register.

Exhibit 6-1 The totals from the first payroll of the year are shown below. -Refer to Exhibit 6-1 . Journalize the adjustment for accrued wages for the following Monday, which is the end of the accounting period. The gross payroll for that day is $7,475.

Every state allows employers to make e-payment options as a condition of employment.

Posting to the general ledger for payroll entries is done only at the end of each calendar year.

Which of the following items would require an adjusting entry at the end of each accounting period?

The employer keeps track of each employee's accumulated wages in the employee's earnings record.

The Need for Payroll and Personnel Records

Computing Wages and Salaries

Social Security Taxes

Income Tax Withholding

Unemployment Compensation Taxes

Filters

Exam 6: Analyzing and Journalizing Payroll

In the case of a federal tax levy, the employee will notify the employer of the amount the employee wants taken out of his or her paycheck.

The wage and salaries expense account is an operating expense account debited for total net pay each payroll period.

If employees must contribute to the state unemployment fund, this deduction should be shown in the payroll tax entry.

In all computerized payroll systems, there is still the need to manually post from the printed payroll journal entry to the general ledger.

Since FUTA tax is paid only once a quarter, the FUTA tax expense is recorded only at the time of payment.

FUTA Taxes Payable is an expense account in which are recorded the employer's federal unemployment taxes.

Deductions from gross pay in the payroll register are reflected on the credit side of the journal entry to record the payroll.

For child support garnishments, tips are considered part of an employee's disposable earnings.

Carmen Gaetano worked 46 hours during this payweek. He is paid time-and-a-half for hours over 40 and his pay rate is $17.90/hour. What was his overtime premium pay for this workweek?

The entry made at the end of the accounting period to record wages incurred but unpaid is:

FICA Taxes Payable-HI is a liability account in which is recorded the liability of the employer for the HI tax on the employer as well as for the HI tax withheld from employees' wages.

The employee's earnings record provides information for each of the following except :

Exhibit 6-1 Refer to Exhibit 6-1 . Journalize the entry to record the payroll.

Which of the following accounts is an expense account in which an employer records the FICA, FUTA, and SUTA taxes?

An employee's marital status and number of withholding allowances never appear on the payroll register.

Exhibit 6-1 The totals from the first payroll of the year are shown below. -Refer to Exhibit 6-1 . Journalize the adjustment for accrued wages for the following Monday, which is the end of the accounting period. The gross payroll for that day is $7,475.

Every state allows employers to make e-payment options as a condition of employment.

Posting to the general ledger for payroll entries is done only at the end of each calendar year.

Which of the following items would require an adjusting entry at the end of each accounting period?

The employer keeps track of each employee's accumulated wages in the employee's earnings record.

The Need for Payroll and Personnel Records

Computing Wages and Salaries

Social Security Taxes

Income Tax Withholding

Unemployment Compensation Taxes

Filters