Deck 4: Accounting for Payroll

Question 1

Here is a sample Payroll Register for a weekly payroll of an Ontario company: ? Use the information in this table to answer the following question.
Assuming this company uses direct deposit, how much money will need to be deposited to pay all of the employees what they are owed for this pay cycle?

A) $4,301.48
B) $3,790.63
C) $1,007.74
D) $2,681.57
E) $1,619.91

Answer 1

$2,681.57

Question 2

Here is a sample Payroll Register for a weekly payroll of an Ontario company: Use the information in this table to answer the following question.
How much will D.C. Doer have deposited into her bank account for this pay cycle?

A) $318.00
B) $159.00
C) $300.00
D) $108.81
E) $423.91

Answer 2

$108.81

Question 3

Here is a sample Payroll Register for a weekly payroll of an Ontario company: Use the information in this table to answer the following question.
How much does K. Landing earn per hour?

A) $19.25
B) $25.00
C) $40.00
D) $12.50
E) $15.00

Answer 3

$25.00

Question 4

Here is a sample Payroll Register for a weekly payroll of an Ontario company: Use the information in this table to answer the following question.
How much will the company owe for the employer portion of Employment Insurance premiums for this pay cycle?

A) $192.94
B) $385.88
C) $80.87
D) $113.22
E) $194.09

Question 5

Here is a sample Payroll Register for a weekly payroll of an Ontario company: Use the information in this table to answer the following question.
How much will the company owe for the employer portion of Canada Pension Plan deductions for this pay cycle?

A) $192.94
B) $385.88
C) $80.87
D) $113.22
E) $194.09

Question 6

Here is a sample Payroll Register for a weekly payroll of an Ontario company: Use the information in this table to answer the following question.
How many employees worked during this pay cycle?

A) 8
B) 7
C) 6
D) 5
E) 4

Question 7

Here is a sample Payroll Register for a weekly payroll of an Ontario company: Use the information in this table to answer the following questions.
How many hours did M. Host work in the week of Jan. 31?

A) 37.5
B) 4
C) 8.5
D) 20
E) 41.5

Question 8

In payroll terms, a register is:

A) A record of each employee's earnings per pay
B) The first accounting record of payroll
C) Both A and B
D) A point of sale terminal that holds cash
E) A list of all shareholders in the company

Question 9

Accounting journal entries are posted to the ___________ of an organization.

A) General Ledger
B) General Accounts
C) General Journal
D) Ledger Record
E) Journal Record

Question 10

The reference column in the general ledger indicates:

A) The name of the person who was paid
B) The date of the entry
C) The journal entry the transaction originated from
D) The name of the person who updated the account
E) Nothing. This column is always left blank in practice