CHAPTER 12 - T/F

Front

A single person will have less income tax withheld than a married employee.

Back

False

Front

All deductions from employee wages are recorded in a payroll register.

Back

True

Front

Employee total earnings are calculated as regular hours x regular rate, plus overtime hours x overtime rate.

Back

True

Front

Are payroll taxes based on employee total earnings?

Back

True

Front

Businesses must withhold federal income tax from employee total earnings.

Back

True

Front

Payroll taxes withheld represent a liability for an employer until payment is made. True or False?

Back

True

Front

Social security tax is paid by the employer only.

Back

False

Front

The amount of income tax withheld from each employee’s total earnings is determined from the number of withholding allowances and by the employee’s marital status.

Back

True

Front

The first task in preparing a payroll is to determine the number of days worked by each employee. True or False?

Back

False

Front

The information used to prepare payroll checks is taken from a payroll register.

Back

True