91. Payroll taxes levied versus employees come to be liabilities  A. the first of the adhering to monthB. at the time the payroll is paidC. once earned by the employeeD. at the finish of an accounting period

 

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

Salaries expense

$14,000

Social security and Meditreatment Taxes withheld

975

Income Taxes withheld

2,600

Retirement Savings

1,000

 

 

The enattempt to record the payment of net pay would certainly encompass a  A. delittle bit to Incomes Payable for $14,000B. Delittle bit to Wages Payable for $9,425C. Crmodify to Salaries Expense for $9,425D. Crmodify to Wages Payable for $9,425

 

93. Which of the complying with will have 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 following are contained in the employer's payroll taxes? A. SUTA taxesB. FUTA taxesC. FICA taxesD. all of the above

 

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

 

96. Each year tbelow is a ceiling for the amount that is subject to every one of the adhering to except A. social protection taxB. federal income taxC. federal unemployment taxD. state unemployment tax

 

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

Gross payroll

$18,000

 

Federal income taxes withheld

$4,000

Social protection rate

6%

 

Federal unemployment taxation rate

.8%

Meditreatment rate

1.5%

 

State unemployment taxes rate

5.4%

 

 

 

 

 

Wages Payable would be tape-recorded for  A. $18,000B. $12,950C. $12,650D. $11,534

 

98. Many employers are levied a tax on payrolls for  A. sales taxB. clinical insurance premiumsC. federal unemployment compensation taxD. union dues

 

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

 

100. Which of the following creates is commonly offered to employees at the end of the calendar year so that employees can file their individual income taxes forms? A. Employment Withholding Allowance Certificate (W-4)B. Wage and Tax Statement (Form W-2)C. Employer's Quarterly Federal Tax Rerevolve (Form 941)D. 401k plans