Payroll Basics – Accounting CH12 (25 Questions) | ACCT101 | Salary, Taxes, Payroll Forms

This document includes 25 expertly verified flashcard-style questions and answers from Chapter 12 of the Accounting course (ACCT101), specifically focused on payroll-related concepts. It provides clear and concise definitions of essential terms such as salary, pay period, payroll taxes, total earnings, withholding allowance, Social Security tax, Medicare tax, tax base, and commonly used business forms like the payroll register and employee earnings record. Organized for easy review and retention, this resource is well-suited for exam preparation, assignments, and in-class participation. It serves as a compact yet complete reference for understanding the core components of payroll accounting. Relevant for: – Undergraduate students in Accounting, Business Administration, Finance, or Economics – Courses like Financial Accounting, Principles of Accounting, or Payroll Accounting – Students enrolled in ACCT101 or any introductory-level accounting course The content is aligned with foundational academic standards and is especially useful for mastering the terminology and calculations typically featured in accounting exams. Keywords: salary, pay period, payroll, total earnings, payroll taxes, withholding allowance, social security tax, medicare tax, tax base, payroll register, employee earnings record