WorksheetsPayroll Quiz
Total questions: 78
Worksheet time: 2hrs 39mins
The (a) is the amount of time for which an employee is paid.
An amount subtracted from an employee's gross earnings is a(n) (a) .
The employer's deposit of net pay in an employee's personal bank account is known as (a) .
A(n) (a) is a list of the employees of a business and the payments due to each employee for a specific pay period.
A fixed amount of money paid to an employee for each pay period is a(n) (a) .
The year-to-date gross earnings of an employee are called ______.
A voluntary payroll deduction that allows employees to defer paying taxes until retirement is called a(n) (a) .
The total amount earned by an employee in a pay period is called (a) .
The ______ is a form that summarizes information about employees' earnings for each pay period.
An amount paid to an employee based on a percentage of the employee's sales is a(n) (a) .
The (a) is the amount of money left after all deductions are subtracted from the gross earnings paid to an employee.
The person who is responsible for preparing the payroll is called a(n) (a) .
The (a) is 1½ times an employee's regular hourly rate of pay and is paid for all hours worked over 40 per work week.
A record of the arrival time, departure time, and total number of hours worked each day for an employee is kept on a(n) (a) .
A(n) (a) is an amount of money paid to an employee at a specific rate per hour worked.
Using the social security rate of 6.2% and the Medicare rate of 1.45%, calculate the amounts of the deductions for each of the following employees: Name: Brown, Diane Gross Earnings: $294.53
Using the social security rate of 6.2% and the Medicare rate of 1.45%, calculate the amounts of the deductions for each of the following employees: Name: Erickson, Sean Gross Earnings: $385.59
Using the social security rate of 6.2% and the Medicare rate of 1.45%, calculate the amounts of the deductions for each of the following employees: Name: Gomez, Juan Gross Earnings: $215.58
Using the social security rate of 6.2% and the Medicare rate of 1.45%, calculate the amounts of the deductions for each of the following employees: Name: McNeil, Mary Gross Earnings: $337.77
Using the social security rate of 6.2% and the Medicare rate of 1.45%, calculate the amounts of the deductions for each of the following employees: Name: Oller, José Gross Earnings: $184.30
Using the social security rate of 6.2% and the Medicare rate of 1.45%, calculate the amounts of the deductions for each of the following employees: Name: Quinn, Betty Gross Earnings: $394.06
Using the social security rate of 6.2% and the Medicare rate of 1.45%, calculate the amounts of the deductions for each of the following employees: Name: Thomas, Judy Gross Earnings: $214.44
The following employees are paid a salary of $195.00 per week plus a commission of 5% of all sales made. Calculate the gross earnings for each employee: Name: Robert Jacovitz Sales: $823.75
The following employees are paid a salary of $195.00 per week plus a commission of 5% of all sales made. Calculate the gross earnings for each employee: Name: Vincent Lee Sales: $903.29
The following employees are paid a salary of $195.00 per week plus a commission of 5% of all sales made. Calculate the gross earnings for each employee: Name: Lorna Singhal Sales: $396.50
The following employees are paid a salary of $195.00 per week plus a commission of 5% of all sales made. Calculate the gross earnings for each employee: Name: Sam Throton Sales: $703.48
The following employees are paid a salary of $195.00 per week plus a commission of 5% of all sales made. Calculate the gross earnings for each employee: Name: Catherine Walker Sales: $803.84
The following employees are paid a salary of $195.00 per week plus a commission of 5% of all sales made. Calculate the gross earnings for each employee: Name: Carl Martinez Sales: $1,128.40
The following employees are paid a salary of $195.00 per week plus a commission of 5% of all sales made. Calculate the gross earnings for each employee: Name: Amy Prez Sales: $734.49
The Protech Company pays an overtime rate of 1½ for all hours worked over 40 per work week. Calculate the overtime rate for each employee: Name: Jack Lapolla Hourly wage: $8.80
The Protech Company pays an overtime rate of 1½ for all hours worked over 40 per work week. Calculate the overtime rate for each employee: Name: Mary Arcompora Hourly wage: $7.20
The Protech Company pays an overtime rate of 1½ for all hours worked over 40 per work week. Calculate the overtime rate for each employee: Name: Jody Swan Hourly wage: $6.74
The Protech Company pays an overtime rate of 1½ for all hours worked over 40 per work week. Calculate the overtime rate for each employee: Name: Patricia Dobson Hourly wage: $9.45
The Protech Company pays an overtime rate of 1½ for all hours worked over 40 per work week. Calculate the overtime rate for each employee: Name: Joseph Wong Hourly wage: $7.50
The employee payroll is a major expense for most companies.
True
False
When a company has only a few employees, paychecks are often written on the company's regular checking account.
True
False
The employer acts as a tax collection agent for the federal government.
True
False
The amount of taxes withheld from each employee's paycheck is the exact amount that the employee will owe at the end of the tax year.
True
False
If an employee qualifies as exempt, he or she may not be required to pay federal or state income taxes in a given year.
True
False
An employee's gross earnings may be calculated by any of the four methods—salary, piece rate, hourly wage, or commission—but never by a combination of these methods.
True
False
To ensure that taxpayers have the funds to pay their taxes, employers are required to withhold a certain amount of money from employees' earnings.
True
False
The more withholding allowances a taxpayer claims, the higher the amount of income taxes an employer withholds from earnings.
True
False
FICA rates are changeable at any time by Congress.
True
False
Employees' earnings records are kept on a monthly basis to make it easier to complete government reports that are required.
True
False
The payroll register is the source of information for preparing the paychecks.
True
False
A business may obtain a daily printout on employee work hours by using electronic badge readers.
True
False
A payroll register is prepared for each pay period.
True
False
Most businesses use computers to prepare the payroll.
True
False
The social security tax and Medicare tax are both part of the FICA system.
True
False
Form W-4 lists the marital status and the number of exemptions claimed by each employee.
True
False
Employees paid by direct deposit have their gross pay electronically deposited in their personal bank accounts.
True
False
The number of hours worked multiplied by the hourly wage gives the net earnings for the pay period.
True
False
Employees paid by direct deposit have their gross pay electronically deposited in their personal bank accounts.
True
False
Overtime is paid to most employees after 44 hours of work in a pay week.
True
False
The payroll register summarizes information about employees' earnings for the pay period.
True
False
The social security system was established by the Federal Insurance Contributions Act.
True
False
Payroll is not a major expense of most businesses.
True
False
The number of columns on a payroll register varies depending on the company's specific needs.
True
False
An amount paid to employees at a specific rate per hour is a(n) (a) .
The amount of money actually received by the employee after all deductions are subtracted is called the (a) .
______ are the year-to-date gross earnings of an employee.
A(n) (a) is paid to the employee as a percentage of the employee's sales.
The amount of time for which an employee is paid is called the (a) .
Most businesses use a(n) (a) to keep track of an hourly wage employee's hours.
The ______ is the total amount earned by the employee in the pay period.
A(n) (a) is an amount subtracted from gross earnings.
A list of employees in a business and the earnings due each employee for a specific period of time is a(n) (a) .
A(n) ______ is the deposit by the employer of an employee's net pay into a personal bank account.
A (a) is a list of employees and payments due to each for a specific pay period.
The total amount an employee earns during a pay period is (a) .
A (a) is a fixed amount of money paid to an employee.
When calculating hours worked, the time is rounded to the nearest (a) hour.
An employee who is paid a percentage of sales works on (a) .
The overtime rate is (a) times an employee's regular hourly pay.
The amount of tax withheld from an employee's earnings depends on the number of (a) claimed.
FICA taxes include social security and (a) taxes.
Contributions to a 401(k) plan are an example of a (a) deduction.
The amount the employee receives for a pay period is (a) .
