Accounting Chapter 12

Employee regular earnings are calculated as.

• a. regular hours times regular rate.
• b. total hours divided by regular rate
• c. total hours plus overtime rate.
• d. overtime hours minus overtime rate.

A business form used to record details affecting payments made to an employee is a(n)

• a. employee earnings record.
• b. payroll journal
• c. employee accounts payable record
• d. tax withholding form.

The Accumulated Earnings column of the employee earnings record

• a. shows net pay for the year.
• b. is the total earnings since the first of the year
• c. shows net pay for one quarter
• d. is the gross earnings for one quarter.

Each employee name is listed in a payroll register along with

• a. employee number.
• b. marital status
• c. withholding allowances.
• d. all of these.

The total earnings paid to an employee after payroll taxes and other deductions is recorded in the payroll register’s

• a. Gross Pay column.
• b. Total Earnings column.
• c. Net Pay column.
• d. Total Deductions column.

Individual payroll checks are usually written on a(n)

• a. company’s regular checking account.
• b. separate payroll checking account.
• c. special purposes account.
• d. employee earnings account.

The withholding allowances of an employee affect

• a. social security tax withheld.
• b. federal income tax withheld
• c. federal unemployment tax owed.
• d. state unemployment tax owed.

All employees must report their withholding allowances on a:

• payroll register

• memorandum

• Form W-4

• Form W-2

The social security tax is calculated by

• multiplying total earnings by the tax rate

• multiplying net earnings by the tax rate

• using a tax table

• none of these

The money paid for employee services is called a

• Payroll

• Pay Period

• Salary