wayground logo

Free Printable Worksheets

Font size

S
M
L
XL
Worksheets

Chapter 12: Preparing Payroll Records

Total questions: 15

Worksheet time: 9mins

Name
Class
Date
1.

Businesses use payroll records to inform employees of their annual earnings and to prepare payroll reports for the government.

a)

True

b)

False

2.

The amount of income tax withheld from each employee's total earnings is determined solely from the number of withholding allowances.

a)

True

b)

False

3.

A business is required by law to withhold certain payroll taxes from employee salaries.

a)

True

b)

False

4.

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

5.

The amount on the employee earnings record used to determine if certain payroll taxes apply to an employee's earnings is

a)

net pay

b)

gross earnings

c)

social security taxes

d)

accumulated earnings

6.

Payroll taxes are based on

a)

employer total earnings

b)

employee total earnings

c)

employee net pay

d)

employee accumulated earnings

7.

The information used to prepare payroll checks is taken from the

a)

employee earnings record

b)

journal

c)

payroll register

d)

general ledger

8.

Which tax(es) are subjected to a tax base?

a)

Federal Income Tax

b)

Social Security Tax

c)

Medicare Tax

d)

Retirement fund contributions

9.

Social security tax is calculated by

a)

multiplying net pay by the tax rate

b)

multiplying total earnings by the tax rate

c)

multiplying accumulated earnings by the tax rate

d)

using a tax table

10.

Federal income tax laws are written and passed by

a)

the President of the United States

b)

the Department of Treasury

c)

Congress

d)

the Internal Revenue Service

11.

___ sets the tax base and the tax rates for the social security tax.

a)

Congress

b)

the President of the United States

c)

the Department of the Treasury

d)

the Internal Revenue Service

12.

The total of the total earnings column of the payroll register is deposited into a separate payroll checking account to write checks to employees.

a)

True

b)

False

13.

The voucher portion of a voucher check is usually referred to as the

a)

voucher statement

b)

check

c)

check stub

d)

voucher stub

14.

(a)   would be an example of a qualified retirement plan.

15.

Name one source used to complete the payroll register.

(a)