WorksheetsChapter 13 Payroll C21
Total questions: 10
Worksheet time: 5mins
All the payroll information needed to prepare payroll and tax reports is found on
Form W-4 and the employee earning record
Form W-4 and the payroll register
the payroll register and 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 credited to
a revenue account
an expense account
a liability account
an asset account
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
To record the payment of federal unemployment tax, the account debited is
a revenue account
an expense account
a liability account
an asset account
The form used to report annual earnings and payroll taxes for all employees to the Social Security Administration is the
W-2
Form 941
W-3
W-4
Each employer is required by law to report payroll taxes on an
IRS Form W-4
IRS Form 941
IRS Form W-2
IRS Form W-3
Each employer who withholds income tax, social security tax, and Medicare tax from employee earnings must furnish each employee an
IRS form
IRS form W-2
IRS form W-3
IRS form 941
An employee's earnings subject to unemployment taxes are referred to as
gross earnings
net earnings
FUTA earnings
accumulated earnings
