Test Bank for Payroll Accounting,
Taxes, and Reports 9th Edition by
Jeanette Landin
Where do you find the information to record the payroll entry? - ANSPayroll Register
What is the Salary Expense amount equal to (in other words, what is the Salary Expense also
called?) - ANSTotal Earnings
What is the Cash Credit amount equal to (in other words, what is the Cash Credit also called?) -
ANSNet Pay
What is the entry to record payroll? - ANSD:Salary Expense
C:All Deductions and Cash
What are the four payroll taxes that an employer must pay? - ANSSocial Security, Medicare,
and Federal and State Unemployment
Which of those (Social Security, Medicare, and Federal and State Unemployment) must the
employee also pay? - ANSSocial Security and Medicare
Explain how Unemployment Taxable Earnings are calculated? - ANSEmployer calculates the
earnings based on whether an employee has made $7,000 this year.
What are the percentages for Federal and State Unemployment Taxes? - ANSFederal: 0.8%
State: 5.4%
In the first few months of the year the Unemployment Taxable Earnings is most likely equal to
what? - ANSTotal Earnings
As the months go by, the Unemployment Taxable Earnings will continue to get _____ than Total
Earnings. - ANSlower
What is the entry to record Employer Payroll Taxes? - ANSD:Payroll Tax Expense
C:Social Security, Medicare, Federal and State Unemployment
When are the withholding taxes for Employee Income Tax Payable, Social Security Tax
Payable, and
Medicare Tax Payable paid? - ANS15th of the following month
Taxes, and Reports 9th Edition by
Jeanette Landin
Where do you find the information to record the payroll entry? - ANSPayroll Register
What is the Salary Expense amount equal to (in other words, what is the Salary Expense also
called?) - ANSTotal Earnings
What is the Cash Credit amount equal to (in other words, what is the Cash Credit also called?) -
ANSNet Pay
What is the entry to record payroll? - ANSD:Salary Expense
C:All Deductions and Cash
What are the four payroll taxes that an employer must pay? - ANSSocial Security, Medicare,
and Federal and State Unemployment
Which of those (Social Security, Medicare, and Federal and State Unemployment) must the
employee also pay? - ANSSocial Security and Medicare
Explain how Unemployment Taxable Earnings are calculated? - ANSEmployer calculates the
earnings based on whether an employee has made $7,000 this year.
What are the percentages for Federal and State Unemployment Taxes? - ANSFederal: 0.8%
State: 5.4%
In the first few months of the year the Unemployment Taxable Earnings is most likely equal to
what? - ANSTotal Earnings
As the months go by, the Unemployment Taxable Earnings will continue to get _____ than Total
Earnings. - ANSlower
What is the entry to record Employer Payroll Taxes? - ANSD:Payroll Tax Expense
C:Social Security, Medicare, Federal and State Unemployment
When are the withholding taxes for Employee Income Tax Payable, Social Security Tax
Payable, and
Medicare Tax Payable paid? - ANS15th of the following month
