Accounting Chapter 13 Study Guide

All the payroll information needed to prepare payroll and tax reports is found on

• Form W-4 and the employee earnings record

• Form W-4 and the payroll register

• the payroll register and the employee earnings record

• Form W-4

The payroll journal entry is based on the totals of the payroll register

• Total Earnings column, each deduction column, and the Net Pay column

• Total Earnings, Earnings Regular, Earnings Overtime, and Deductions Total columns

• Earnings Regular, Earnings Overtime, and Deductions Total columns

• Total Earnings, Earnings Regular, and Earnings Overtime Total columns.

The Total Earnings column total of a payroll register is journalized as a debit to

• Cash

• Salary Expense

• Employee Income Tax Payable

• Social Security Tax Payable

The total of the Federal Income Tax column of a payroll register is journalized as a credit to

• Cash

• Salary Expense

• Employee Income Tax Payable

• Social Security Tax Payable

The total of the Net Pay column of the payroll register is credited to

• a revenue account

• an expense account

• an asset account

• a liability account

When the semimonthly payroll is paid, the credit to Cash is equal to the

• total earnings of all employees

• total deductions for income tax and social security tax

• total deductions

• net pay of all employees

Employer payroll taxes are

• assets

• expenses

• revenues

• none of these

Payroll taxes that are paid by both the employer and the employee are

• federal unemployment tax and social security tax

• federal unemployment tax and Medicare tax

• social security tax and Medicare tax

• federal income tax, social security tax, and Medicare tax

A tax paid to administer the Federal unemployment program is the

• social security tax

• Medicare tax

• unemployment tax

• state unemployment tax

A state tax used to pay benefits to unemployed workers is the

• social security tax

• Medicare tax

• federal unemployment tax

• state unemployment tax