Accounting 1 - Ch. 13 Review

Until the amounts withheld from employee salaries are paid by the employer they are recorded as

• assets.
• liabilities.
• salary expense.
• revenue.

The entry to journalize paying a payroll less deductions includes a debit to 

• Salary Expense.
• Unemployment Tax Payable-Federal.
• Payroll Taxes Expense.
• Cash.

The total earnings subject to federal unemployment tax is referred to as

• unemployment taxable earnings.
• taxable earnings.
• gross earnings.
• total earnings.

Each employer must file a federal tax return showing the income tax and SS and Medicare tax due

• monthly.
• quarterly.
• yearly.
• semiannually.

Employers are required to give each employee an annual statement of earnings and withholdings

• before December 31 of the current year.
• before January 1 of the following year.
• before January 15 of the following year.
• before January 31 of the following year.

The source document for paying employee income tax and social security and Medicare tax is

• a check.
• a receipt.
• a memorandum.
• none of the other options.

In general, employers are required to pay state unemployment taxes

• monthly.
• during the month following each quarter.
• annually.
• none of the other options.

The source document for paying state unemployment tax is

• a check.
• a receipt.
• a memorandum.
• none of the other options.

A state tax used to pay benefits to unemployed workers is

• Social Security tax.
• Medicare tax.
• federal unemployment tax.
• state unemployment tax.

Employers must pay payroll taxes for 

• social security and Medicare.
• Social Security, Medicare, federal and state unemployment.
• federal income tax, social security, and Medicare tax.
• none of the other options.