91. Payroll taxes levied versus employees end up being liabilities  A. the first of the complying with monthB. at the moment the payroll is paidC. when earned by the employeeD. at the end of an audit period

 

92. The following totals for the month of June were taken from the payroll register of Arcon Company: 

Incomes expense

$14,000

Social defense and also Medicare Taxes withheld

975

Income Taxes withheld

2,600

Retirement Savings

1,000

 

 

The enattempt to record the payment of net pay would include a  A. delittle to Earnings Payable for $14,000B. Debit to Incomes Payable for $9,425C. Credit to Salaries Expense for $9,425D. Credit to Incomes Payable for $9,425

 

93. Which of the complying with will certainly have actually no result on an employee’s take-home pay? A. Social defense taxB. Unemployment taxC. Marital statusD. Number of exemptions claimed

 

94. Which of the complying with are consisted of in the employer's payroll taxes? A. SUTA taxesB. FUTA taxesC. FICA taxesD. all of the above

 

95. Most employers are forced to withhost from employees for  A. both federal and state unemployment compensationB. just federal unemployment compensation taxC. just federal revenue taxD. only state joblessness compensation tax

 

96. Each year there is a ceiling for the amount that is subject to all of the following except A. social defense taxB. federal income taxC. federal unemployment taxD. state unemployment tax

 

97. Assuming no employees are topic to ceilings for their revenue, Moore Company kind of has the following information for the pay duration of December 15 - 31, 20xx.

Gross payroll

$18,000

 

Federal earnings taxes withheld

$4,000

Social defense rate

6%

 

Federal unemployment tax rate

.8%

Medicare rate

1.5%

 

State unemployment tax rate

5.4%

 

 

 

 

 

Incomes Payable would certainly be videotaped for  A. $18,000B. $12,950C. $12,650D. $11,534

 

98. Most employers are levied a taxation on payrolls for  A. sales taxB. medical insurance premiumsC. federal joblessness compensation taxD. union dues

 

99. Payroll entries are made through information from the  A. wage and also tax statementB. employee's earning recordC. employer's quarterly federal tax returnD. payroll register

 

100. Which of the complying with creates is commonly provided to employees at the finish of the calendar year so that employees have the right to file their individual income taxes forms? A. Employment Withholding Allowance Certificate (W-4)B. Wage and also Tax Statement (Form W-2)C. Employer's Quarterly Federal Tax Return (Form 941)D. 401k plans