quiz 9- Monday UPDATED ACTUAL Exam
Questions and CORRECT Answers
federal income tax deducted from employee's - CORRECT ANSWER - federal
withholding tax
income before any deductions are made - CORRECT ANSWER - gross income
income after deducted have been made - CORRECT ANSWER - net income
total monies paid to employees as salary or wages for a given pay period - CORRECT
ANSWER - payroll
taxes levied on salaries and wages - CORRECT ANSWER - payroll taxes
total of all costs to run the medical practice - CORRECT ANSWER - overhead
taxes levied by a state government on employers and employees - CORRECT ANSWER -
state income tax
document that outlines work requirements for a particular position - CORRECT
ANSWER - job description
notes taken at a meeting and distributed to participants - CORRECT ANSWER - minutes
regular scheduled gathering of office personnel for information and problem solving purposes -
CORRECT ANSWER - staff meetings
, individual who has administrative responsibilities regarding supervision of office employees -
CORRECT ANSWER - office manager
written guide of standard routines and rules - CORRECT ANSWER - policies and
procedures manual
written authorization for a vendor to deliver merchandize, materials, or service at an agreed upon
price - CORRECT ANSWER - purchase order
employees withholding allowance certificate - CORRECT ANSWER - w-4 form
wage and tax statement provided annually before January 31 - CORRECT ANSWER - w-
2 form
money withheld from paycheck and paid to the federal government - CORRECT
ANSWER - federal tax
employment eligibility form - CORRECT ANSWER - I-9 form
money withheld from paycheck and paid to the state - CORRECT ANSWER - state tax
1.45% of employee wages matched by an additional 1.45% paid by the employer - CORRECT
ANSWER - medicare tax
federal unemployment tax paid by the employer - CORRECT ANSWER - FUTA
social security tax to fund the U.S. retirement program - CORRECT ANSWER - FICA
amount of pay before deductions - CORRECT ANSWER - gross pay
Questions and CORRECT Answers
federal income tax deducted from employee's - CORRECT ANSWER - federal
withholding tax
income before any deductions are made - CORRECT ANSWER - gross income
income after deducted have been made - CORRECT ANSWER - net income
total monies paid to employees as salary or wages for a given pay period - CORRECT
ANSWER - payroll
taxes levied on salaries and wages - CORRECT ANSWER - payroll taxes
total of all costs to run the medical practice - CORRECT ANSWER - overhead
taxes levied by a state government on employers and employees - CORRECT ANSWER -
state income tax
document that outlines work requirements for a particular position - CORRECT
ANSWER - job description
notes taken at a meeting and distributed to participants - CORRECT ANSWER - minutes
regular scheduled gathering of office personnel for information and problem solving purposes -
CORRECT ANSWER - staff meetings
, individual who has administrative responsibilities regarding supervision of office employees -
CORRECT ANSWER - office manager
written guide of standard routines and rules - CORRECT ANSWER - policies and
procedures manual
written authorization for a vendor to deliver merchandize, materials, or service at an agreed upon
price - CORRECT ANSWER - purchase order
employees withholding allowance certificate - CORRECT ANSWER - w-4 form
wage and tax statement provided annually before January 31 - CORRECT ANSWER - w-
2 form
money withheld from paycheck and paid to the federal government - CORRECT
ANSWER - federal tax
employment eligibility form - CORRECT ANSWER - I-9 form
money withheld from paycheck and paid to the state - CORRECT ANSWER - state tax
1.45% of employee wages matched by an additional 1.45% paid by the employer - CORRECT
ANSWER - medicare tax
federal unemployment tax paid by the employer - CORRECT ANSWER - FUTA
social security tax to fund the U.S. retirement program - CORRECT ANSWER - FICA
amount of pay before deductions - CORRECT ANSWER - gross pay
