ACCOUNTING CHAPTER 13

The money paid for employee services is a(n)

• payroll.

• salary.

• income.

• undeserved insult.

The period covered by a salary payment is the

• month.

• week.

• pay period.

• pay time.

The total amount earned by all employees for a pay period is

• payroll.

• total earnings.

• total salary.

• salary expense.

The total pay due for a pay period before deductions is called

• payroll.

• total earnings.

• total salary.

• salary expense.

Taxes based on the payroll of a business is called

• salary taxes.

• payment taxes.

• payroll taxes.

• income taxes.

A deduction from total earnings for each person legally supported by a taxpayer, including the employee is a(n)

• exemption.

• expulsion.

• deduction.

• withholding allowance.

A federal tax paid for old-age, survivors, and disability insurance is called _______________ or _______________________.

• Social Security.

• Federal Income Tax.

• FICA.

• FDIC

A federal tax paid for hospital insurance is called

• Medicare.

• Hospicare.

• Sick-ocare.

• unconstitutional.

The maximum amount of earnings on which a tax is calculated on the

• employee's total earnings.

• tax base.

• employee's net pay.

• employee's gross pay.

A business form used to record payroll information is called the

• employee earnings record.

• payroll register.

• check stub.

• payroll expense.