Question 1

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

Accepted Answer

A) True 
 B)False

Question 2

In order to prepare Forms W-2,an employer would utilize the employee's earnings record.

Accepted Answer

A) True 
 B)False

Question 3

When the federal tax deposit is made,the employees' and employer's shares of FICA taxes are paid along with the employees' FIT taxes withheld.

Accepted Answer

A) True 
 B)False

Question 4

Union Dues Payable is a liability account credited with the deductions made from union members' wages for their union dues.

Accepted Answer

A) True 
 B)False

Question 5

The adjusting entry to record the accrued vacation pay at the end of an accounting period includes credits to the tax withholding liability accounts.

Accepted Answer

A) True 
 B)False

Question 6

Under the Consumer Credit Protection Act,disposable earnings are the earnings remaining after any deductions for health insurance.

Accepted Answer

A) True 
 B)False

Question 7

Each payday,the total of net pays that the employer incurs is the wage expense that must be debited.

Accepted Answer

A) True 
 B)False

Question 8

In recording the monthly adjusting entry for accrued wages at the end of the accounting period,the amount of the adjustment would usually be determined by:

Accepted Answer

A)  collecting the timesheets for the days accrued. 
B)  using the same amount as the prior month's adjustment. 
C)  using the wages of the salaried workers only. 
D)  a percentage of the previous week's gross payroll. 
E)  a percentage of the previous week's net payroll. 
A)  collecting the timesheets for the days accrued. 
B)  using the same amount as the prior month's adjustment. 
C)  using the wages of the salaried workers only. 
D)  a percentage of the previous week's gross payroll. 
E)  a percentage of the previous week's net payroll.

Question 9

Once the journal entry for the payroll is complete,the information is posted to the appropriate general ledger accounts.

Accepted Answer

A) True 
 B)False

Question 10

Since the FUTA tax is a social security tax,it can be charged to the same expense account as the other payroll taxes on the employer,the payroll taxes account.

Accepted Answer

A) True 
 B)False

Question 11

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 12

Tax withholdings from employees' pays reduce the amount of the debit to Salary Expense in the payroll entry.

Accepted Answer

A) True 
 B)False

Question 13

Exhibit 6-1
The totals from the first payroll of the year are shown below.
​ $$\begin{array} { c c c c c c c } 
\text { Total } & \text { FICA } & \text { FICA } & \text { FIT } & \text { State } & \text { Union } & \text { Net } \
\text { Earnings } & \text { OASDI } & \text { HI } & \text { W/H } & \text { Tax } & \text { Dues } & \text { Pay } \
\$ 36,195.10 & \$ 2,244.10 & \$ 524.83 & \$ 6,515.00 & \$ 361.95 & \$ 500.00 & \$ 26,049.22 \
\hline
\end{array}$$ ​
-Refer to Exhibit 6-1.Journalize the entry to record the payroll.

Accepted Answer

\[\begin{array} { l r r } 
\text { Wages

Question 14

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

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

In order to prepare Forms W-2,an employer would utilize the employee's earnings record.

When the federal tax deposit is made,the employees' and employer's shares of FICA taxes are paid along with the employees' FIT taxes withheld.

Union Dues Payable is a liability account credited with the deductions made from union members' wages for their union dues.

The adjusting entry to record the accrued vacation pay at the end of an accounting period includes credits to the tax withholding liability accounts.

Under the Consumer Credit Protection Act,disposable earnings are the earnings remaining after any deductions for health insurance.

Each payday,the total of net pays that the employer incurs is the wage expense that must be debited.

In recording the monthly adjusting entry for accrued wages at the end of the accounting period,the amount of the adjustment would usually be determined by:

Once the journal entry for the payroll is complete,the information is posted to the appropriate general ledger accounts.

Since the FUTA tax is a social security tax,it can be charged to the same expense account as the other payroll taxes on the employer,the payroll taxes account.

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

Tax withholdings from employees' pays reduce the amount of the debit to Salary Expense in the payroll entry.

Exhibit 6-1 The totals from the first payroll of the year are shown below. Total FICA FICA FIT State Union Net Earnings OASDI HI W/H Tax Dues Pay \ 36,195.10 \ 2,244.10 \ 524.83 \ 6,515.00 \ 361.95 \ 500.00 \ 26,049.22 -Refer to Exhibit 6-1.Journalize the entry to record the payroll.

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 Need for Payroll and Personal Records

Computing Wages and Salaries

Social Security Taxes

Income Tax Withholding

Unemployment Compensation Taxes

Filters

Exam 6: Analyzing and Journalizing Payroll

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

In order to prepare Forms W-2,an employer would utilize the employee's earnings record.

When the federal tax deposit is made,the employees' and employer's shares of FICA taxes are paid along with the employees' FIT taxes withheld.

Union Dues Payable is a liability account credited with the deductions made from union members' wages for their union dues.

The adjusting entry to record the accrued vacation pay at the end of an accounting period includes credits to the tax withholding liability accounts.

Under the Consumer Credit Protection Act,disposable earnings are the earnings remaining after any deductions for health insurance.

Each payday,the total of net pays that the employer incurs is the wage expense that must be debited.

In recording the monthly adjusting entry for accrued wages at the end of the accounting period,the amount of the adjustment would usually be determined by:

Once the journal entry for the payroll is complete,the information is posted to the appropriate general ledger accounts.

Since the FUTA tax is a social security tax,it can be charged to the same expense account as the other payroll taxes on the employer,the payroll taxes account.

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

Tax withholdings from employees' pays reduce the amount of the debit to Salary Expense in the payroll entry.

Exhibit 6-1 The totals from the first payroll of the year are shown below. ​ Total FICA FICA FIT State Union Net Earnings OASDI HI W/H Tax Dues Pay \ 36,195.10 \ 2,244.10 \ 524.83 \ 6,515.00 \ 361.95 \ 500.00 \ 26,049.22 ​ -Refer to Exhibit 6-1.Journalize the entry to record the payroll.

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 Need for Payroll and Personal Records

Computing Wages and Salaries

Social Security Taxes

Income Tax Withholding

Unemployment Compensation Taxes

Filters

Exhibit 6-1 The totals from the first payroll of the year are shown below. Total FICA FICA FIT State Union Net Earnings OASDI HI W/H Tax Dues Pay \ 36,195.10 \ 2,244.10 \ 524.83 \ 6,515.00 \ 361.95 \ 500.00 \ 26,049.22 -Refer to Exhibit 6-1.Journalize the entry to record the payroll.