Accounting - Ch. 12 Payroll Taxes

The total earnings paid to an employee after payroll taxes and other deductions

• gross pay
• net pay
• real pay
• deductions 

A federal tax paid for old age, survivors, and disability insurance

• medicare tax
• social security tax
• unemployment tax
• deductions 

A federal tax paid for hospital insurance 

• medicare tax
• social security tax
• unemployment 
• deductions 

The period covered by a salary payment

• salary
• pay period
• payroll
• check

Employee regular earnings are calculated as

• regular hours times regular rate
• total hours divided by regular rate
• total hours plus overtime rate
• overtime hours minus overtime rate 

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

• True
• False

Total earnings are sometimes referred to as gross pay.

• True
• False 

The larger the number of withholding allowances claimed, the larger the amount of income tax withheld.

• True 
• False

Each employee name is listed in a payroll register along with

• employee number.
• marital status
• withholding allowances.
• all of these.

A state tax used to pay benefits to unemployed workers is

• social security tax.
• Medicare tax.
• unemployment tax.
• state unemployment tax.