WorksheetsACC Chapter 13 Payroll Taxes
Total questions: 10
Worksheet time: 5mins
Carson’s Candy Shoppe has $3,000 in gross payroll, $186 in Social Security withholding, $43.5 in Medicare withholding, $750 in federal income tax withholding, and $150 in state income tax withholding. What is the total amount of Social Security Tax Payable for the pay period?
$43.50
$150.00
$372.00
$186.00
Carson’s Candy Shoppe has $3,000 in gross pay, $186 in Social Security withholding, $43.5 in Medicare withholding, $750 in federal income tax withholding, and $150 in state income tax withholding. The federal unemployment tax rate is 0.8%. What is the employer's federal unemployment tax for the pay period?
$12
$24
$240
$600
Dan's Dog Spa recorded a payment of $75 for state unemployment taxes. The entry to journalize this payment is:
debit Payroll Tax Expense $75; credit Cash $75.
debit Cash $75; credit State Unemployment Tax Payable $75.
debit State Unemployment Tax Payable $75; credit Cash $75.
debit State Unemployment Tax Payable $75; credit Payroll Tax Expense $75.
Mayberry Ice Cream Shoppe has $2,000.00 in wages, $124.00 in Social Security withholding, $29.00 in Medicare withholding, $250.00 in federal income tax withholding, and $100.00 in state income tax withholding. The federal unemployment tax rate is 0.8%. In this scenario, what is the total amount of Social Security Tax Payable for the pay period?
$62.00
$124.00
$153.00
$248.00
Korner Pocket paid federal unemployment taxes of $32. The entry to journalize the payment of federal unemployment taxes is:
debit Payroll Tax Expense, $32; credit Cash, $32.
debit Federal Unemployment Tax Payable, $32; credit Cash, $32.
debit Cash, $32; credit Federal Unemployment Tax Payable, $32.
debit Federal Unemployment Tax Payable, $32; credit Payroll Tax Expense, $32.
Over Your Head Hair Salon has $1,500.00 in gross wages, $93.00 in Social Security withholding, $21.75 in Medicare withholding, $200.00 in federal income tax withholding, and $80.00 in state income tax withholding. The correct entry for recording the company's payroll is:
Bob's Barnyard paid their state unemployment taxes of $168. The entry to journalize the payment of the unemployment taxes is:
Flip my Lid Kitchen recorded the following payroll taxes: Social Security, $300, Medicare, $150, federal income tax, $350. The entry to journalize the payment of these payroll taxes is:
debit Social Security Tax Payable, $300, Medicare Tax Payable, $150, Federal Income Tax Payable, $350; credit Payroll Tax Expense, $800.
debit Cash, $800; credit Social Security Tax Payable, $300, Medicare Tax Payable, $150, Federal Income Tax Payable, $350.
debit Social Security Tax Payable, $300, Medicare Tax Payable, $150, Federal Income Tax Payable, $350; credit Cash, $800.
debit Payroll Tax Expense, $800; credit Cash, $800.
Mayberry Ice Cream Shoppe has $1,500.00 in wages, $93.00 in Social Security withholding, $21.75 in Medicare withholding, $200.00 in federal income tax withholding, and $80.00 in state income tax withholding. The federal unemployment tax rate is 0.8%. In this scenario, what is the total amount of Medicare Tax Payable for the pay period?
$21.75
$43.50
$80.00
$93.00
Carson’s Candy Shoppe has $2,000 in gross payroll, $124 in Social Security withholding, $29 in Medicare withholding, $500 in federal income tax withholding, and $100 in state income tax withholding. What is the total amount Social Security Tax Payable for the pay period?
$29
$100
$248
$500
