Question 1

Match the terms with the definitions.
-Someone who performs a service for a fee and does not work under the control and direction of the company paying for the service.

Accepted Answer

A)  direct deposit
B)  electronic system
C)  employee
D)  employee earnings record
E)  Fair Labor Standards Act (FLS
A)  F) FICA taxesG) gross payH) independent contractorI) manual systemJ) net payK) payroll processing centerL) payroll registerM) salaryN) wage-bracket methodO) wagesP) withholding allowanceQ) E) and P)
R) D) and L)

Question 2

The act that requires most employers to withhold certain amounts from employees' earnings for contributions to the Social Security and Medicare programs is called the

Accepted Answer

A)   Federal Unemployment Tax Act.
B)   Federal Withholding Tax Act.
C)   State Unemployment Tax Act.
D)   Federal Insurance Contributions Act.E) A) and B)
F) A) and C)

Question 3

The Federal Insurance Contributions Act requires employers to withhold FICA taxes from employees' earnings.

Accepted Answer

A) True 
 B)False

Question 4

An amount of an employee's gross pay which is exempt from federal income tax withholding is a(n)

Accepted Answer

A)   additional withholding allowance.
B)   withholding allowance.
C)   zero bracket amount.
D)   special withholding allowance.E) A) and D)
F) B) and C)

Question 5

The account that is credited with amounts withheld from an employee's earnings for any pension plan contribution is

Accepted Answer

A)   Pension Plan Expense.
B)   Pension Plan Taxes Payable.
C)   Miscellaneous Expense.
D)   Pension Plan Deductions Payable.E) All of the above
F) A) and D) D

Question 6

Tracing the employee's gross pay for a specific time period into the appropriate wage-bracket table provided by the Internal Revenue Service is called using the wage-bracket method to determine the amount of tax to be withheld from an employee's pay.

Accepted Answer

A) True 
 B)False

Question 7

Sandra Wilson is paid one and one-half times the regular hourly rate for all hours worked in excess of 40 hours per week and double time for work on Sunday. Wilson's regular rate is $12 per hour. During the week ended July 3, she worked 9 hours each day from Monday through Friday, 6 hours on Saturday, and 4 hours on Sunday. Wilson's overtime earnings for the week ended July 3 are

Accepted Answer

A)   $180.
B)   $294.
C)   $360.
D)   $430.E) C) and D)
F) All of the above

Question 8

In an electronic system, only the employee number and hours worked need to be entered into a computer each pay period.

Accepted Answer

A) True 
 B)False

Question 9

Match the terms with the definitions.
-A form used to assemble the data required at the end of each payroll period.

Accepted Answer

A)  direct deposit
B)  electronic system
C)  employee
D)  employee earnings record
E)  Fair Labor Standards Act (FLS
A)  F) FICA taxesG) gross payH) independent contractorI) manual systemJ) net payK) payroll processing centerL) payroll registerM) salaryN) wage-bracket methodO) wagesP) withholding allowanceQ) E) and N)
R) E) and O)

Question 10

Federal income tax that is withheld each pay period from the employee's earnings is NOT based on the

Accepted Answer

A)   total earnings of the employee.
B)   marital status of the employee.
C)   number of withholding allowances claimed by the employee.
D)   number of sick days.E) None of the above
F) A) and B)

Question 11

The account that is debited for the total amount of the gross earnings of all employees for each pay period is

Accepted Answer

A)   Wages and Salaries Expense.
B)   Payroll Taxes Expense.
C)   Miscellaneous Expense.
D)   Withdrawal Expense.E) None of the above
F) B) and C)

Question 12

Match the terms with the definitions.
-A separate record of each employee's earnings.

Accepted Answer

A)  direct deposit
B)  electronic system
C)  employee
D)  employee earnings record
E)  Fair Labor Standards Act (FLS
A)  F) FICA taxesG) gross payH) independent contractorI) manual systemJ) net payK) payroll processing centerL) payroll registerM) salaryN) wage-bracket methodO) wagesP) withholding allowanceQ) A) and L)
R) E) and O)

Question 13

Whether the wage-bracket method or some other method is used in computing the amount of tax to be withheld, the sum of the taxes withheld from an employee's wages is only an approximation of what the employee's actual taxes will be for the year.

Accepted Answer

A) True 
 B)False

Question 14

Match the terms with the definitions.
-Payroll taxes withheld to provide Social Security and Medicare benefits.

Accepted Answer

A)  direct deposit
B)  electronic system
C)  employee
D)  employee earnings record
E)  Fair Labor Standards Act (FLS
A)  F) FICA taxesG) gross payH) independent contractorI) manual systemJ) net payK) payroll processing centerL) payroll registerM) salaryN) wage-bracket methodO) wagesP) withholding allowanceQ) A) and I)
R) I) and K)

Question 15

The payroll register replaces the general journal in most businesses.

Accepted Answer

A) True 
 B)False  False

Question 16

Pension payments are required deductions from an employee's gross earnings.

Accepted Answer

A) True 
 B)False

Question 17

Match the terms with the definitions.
-A business that sells payroll record-keeping services.

Accepted Answer

A)  direct deposit
B)  electronic system
C)  employee
D)  employee earnings record
E)  Fair Labor Standards Act (FLS
A)  F) FICA taxesG) gross payH) independent contractorI) manual systemJ) net payK) payroll processing centerL) payroll registerM) salaryN) wage-bracket methodO) wagesP) withholding allowanceQ) B) and O)
R) D) and J)

Question 18

Match the terms with the definitions.
-The employee does not handle the paycheck; payment is made by the employer directly to the employee's bank.

Accepted Answer

A)  direct deposit
B)  electronic system
C)  employee
D)  employee earnings record
E)  Fair Labor Standards Act (FLS
A)  F) FICA taxesG) gross payH) independent contractorI) manual systemJ) net payK) payroll processing centerL) payroll registerM) salaryN) wage-bracket methodO) wagesP) withholding allowanceQ) H) and L)
R) H) and J) A

Question 19

The Fair Labor Standards Act provides which of the following minimum rates to be paid to employees for all hours worked over 40 hours per week?

Accepted Answer

A)   one and one-half times the regular rate
B)   same rate as the regular rate
C)   two and one-half times the regular rate
D)   two times the regular rateE) A) and B)
F) None of the above

Question 20

Match the terms with the definitions.
-​Payroll system in which all records are prepared by hand.

Accepted Answer

A)  direct deposit
B)  electronic system
C)  employee
D)  employee earnings record
E)  Fair Labor Standards Act (FLS
A)  F) FICA taxesG) gross payH) independent contractorI) manual systemJ) net payK) payroll processing centerL) payroll registerM) salaryN) wage-bracket methodO) wagesP) withholding allowanceQ) A) and E)
R) F) and P)

Exam 8: Payroll Accounting: Employee Earnings and Deductions

Match the terms with the definitions. -Someone who performs a service for a fee and does not work under the control and direction of the company paying for the service.

Correct Answer
verified

The act that requires most employers to withhold certain amounts from employees' earnings for contributions to the Social Security and Medicare programs is called the

Correct Answer
verified

The Federal Insurance Contributions Act requires employers to withhold FICA taxes from employees' earnings.

Correct Answer
verified

An amount of an employee's gross pay which is exempt from federal income tax withholding is a(n)

Correct Answer
verified

The account that is credited with amounts withheld from an employee's earnings for any pension plan contribution is

Correct Answer
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D

Tracing the employee's gross pay for a specific time period into the appropriate wage-bracket table provided by the Internal Revenue Service is called using the wage-bracket method to determine the amount of tax to be withheld from an employee's pay.

Correct Answer
verified

Correct Answer
verified

In an electronic system, only the employee number and hours worked need to be entered into a computer each pay period.

Correct Answer
verified

Match the terms with the definitions. -A form used to assemble the data required at the end of each payroll period.

Correct Answer
verified

Federal income tax that is withheld each pay period from the employee's earnings is NOT based on the

Correct Answer
verified

The account that is debited for the total amount of the gross earnings of all employees for each pay period is

Correct Answer
verified

Match the terms with the definitions. -A separate record of each employee's earnings.

Correct Answer
verified

Whether the wage-bracket method or some other method is used in computing the amount of tax to be withheld, the sum of the taxes withheld from an employee's wages is only an approximation of what the employee's actual taxes will be for the year.

Correct Answer
verified

Match the terms with the definitions. -Payroll taxes withheld to provide Social Security and Medicare benefits.

Correct Answer
verified

The payroll register replaces the general journal in most businesses.

Correct Answer
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False

Pension payments are required deductions from an employee's gross earnings.

Correct Answer
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Match the terms with the definitions. -A business that sells payroll record-keeping services.

Correct Answer
verified

Match the terms with the definitions. -The employee does not handle the paycheck; payment is made by the employer directly to the employee's bank.

Correct Answer
verified
A

The Fair Labor Standards Act provides which of the following minimum rates to be paid to employees for all hours worked over 40 hours per week?

Correct Answer
verified

Match the terms with the definitions. -Payroll system in which all records are prepared by hand.

Correct Answer
verified

Exam 8: Payroll Accounting: Employee Earnings and Deductions

Match the terms with the definitions. -Someone who performs a service for a fee and does not work under the control and direction of the company paying for the service.

Correct AnswerverifiedShow Answer

The act that requires most employers to withhold certain amounts from employees' earnings for contributions to the Social Security and Medicare programs is called the

Correct AnswerverifiedShow Answer

The Federal Insurance Contributions Act requires employers to withhold FICA taxes from employees' earnings.

Correct AnswerverifiedShow Answer

An amount of an employee's gross pay which is exempt from federal income tax withholding is a(n)

Correct AnswerverifiedShow Answer

The account that is credited with amounts withheld from an employee's earnings for any pension plan contribution is

Correct AnswerverifiedD

Tracing the employee's gross pay for a specific time period into the appropriate wage-bracket table provided by the Internal Revenue Service is called using the wage-bracket method to determine the amount of tax to be withheld from an employee's pay.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

In an electronic system, only the employee number and hours worked need to be entered into a computer each pay period.

Correct AnswerverifiedShow Answer

Match the terms with the definitions. -A form used to assemble the data required at the end of each payroll period.

Correct AnswerverifiedShow Answer

Federal income tax that is withheld each pay period from the employee's earnings is NOT based on the

Correct AnswerverifiedShow Answer

The account that is debited for the total amount of the gross earnings of all employees for each pay period is

Correct AnswerverifiedShow Answer

Match the terms with the definitions. -A separate record of each employee's earnings.

Correct AnswerverifiedShow Answer

Whether the wage-bracket method or some other method is used in computing the amount of tax to be withheld, the sum of the taxes withheld from an employee's wages is only an approximation of what the employee's actual taxes will be for the year.

Correct AnswerverifiedShow Answer

Match the terms with the definitions. -Payroll taxes withheld to provide Social Security and Medicare benefits.

Correct AnswerverifiedShow Answer

The payroll register replaces the general journal in most businesses.

Correct AnswerverifiedFalse

Pension payments are required deductions from an employee's gross earnings.

Correct AnswerverifiedShow Answer

Match the terms with the definitions. -A business that sells payroll record-keeping services.

Correct AnswerverifiedShow Answer

Match the terms with the definitions. -The employee does not handle the paycheck; payment is made by the employer directly to the employee's bank.

Correct AnswerverifiedA

The Fair Labor Standards Act provides which of the following minimum rates to be paid to employees for all hours worked over 40 hours per week?

Correct AnswerverifiedShow Answer

Match the terms with the definitions. -​Payroll system in which all records are prepared by hand.

Correct AnswerverifiedShow Answer

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D

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False

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A

Correct Answer
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Match the terms with the definitions. -Payroll system in which all records are prepared by hand.

Correct Answer
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