Payroll Test Review

Choose all that apply. Employers must pay a portion of which of the following payroll taxes?

• medicare tax
• state unemployment tax
• social security tax
• federal unemployment tax
• sales tax

Sally is paid every two weeks from her part-time job at a local daycare. This period of time is known as the __________.

• pay schedule
• pay period
• bimonthly pay base
• payroll

You are using the cash payments journal to record the payment of payroll. What source document should you use to show that payment has been made?

• calculator tape
• invoice
• receipt
• memo
• check

The Accumulated Earnings column of the employee earnings record shows the employer the employee's ___________________.

• net pay for the entire year
• gross pay for one quarter
• net pay for one quarter
• total earnings since the beginning of the year

A federal tax used for state and federal administrative expenses of the unemployment program is

• sales tax
• state unemployment tax
• medicare tax
• social security tax
• federal unemployment tax

Each employer must file a quarterly federal tax return showing the federal income tax, social security tax, and Medicare taxes due to the government.

• True
• False

Until payment is made, payroll taxes for an employer are

• an asset
• a liability
• a capital account
• a type of revenue
• an expense

Social security and Medicare taxes are paid by employees only.

• True
• False

A business form used to record payroll information is a

• wage register
• employee time card
• payroll register
• payroll tax register

Choose all that apply: Which information should be entered in a company's payroll register?

• employee regular, overtime, and total earnings
• employee marital status
• employee name
• employee withholding allowance
• employee pay rate