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- 1. Multiple ChoiceA deduction from total earnings for each person legally supported by a taxpayer, including the employee.Payroll taxesWithholding allowancesocial security taxNone of the above
- 2. Multiple ChoiceA federal tax paid for hospital insuranceSocial Security taxPayroll taxMedicare taxNone of the above
- 3. Multiple ChoiceA business form used to record payroll informationPayroll registerNet payEmployee earnings record
- 4. Multiple ChoiceThe total pay due for a pay period before deductionsTotal earningsSalaryNet payPayroll
- 5. Multiple ChoiceThe money paid for employee services regardless of hours worked or not worked.Tax basePayrollSalaryNone of the above
- 6. Multiple ChoiceThe total amount earned by all employees for a pay periodPayroll taxesSalaryTotal earningsHourly wage
- 7. Multiple ChoiceA federal tax paid for old-age, survivors, and disability insuranceMedicare taxFederal income taxSocial security taxTax base
- 8. Multiple ChoiceTaxes based on the payroll of a businessPayroll taxesSocial security taxTotal earningsMedicare taxes
- 9. Multiple ChoiceThe period covered by a salary paymentTax baseNet payPay periodNone of the above
- 10. Multiple ChoiceA single person will have less income tax withheld than a married employeeTrueFalse
- 11. Multiple ChoiceThe first task in preparing a payroll is to determine the number of days worked by each employeeTrueFalse
- 12. Multiple ChoiceAll deductions from employee wages are recorded in a payroll registerTrueFalse
- 13. Multiple ChoiceSocial security tax is paid by the employer onlyTrueFalse
- 14. Multiple ChoiceThe information used to prepare payroll checks is taken from a payroll registerTrueFalse
- 15. Multiple ChoiceA second checking account for payroll checks helps to protect and control payroll paymentsTrueFalse
- 16. Multiple ChoiceEmployee total earnings are calculated as regular hours X regular rate, plus overtime hours X overtime rateTrueFalse
- 17. Multiple ChoiceWhen an employee's earnings exceed the maximum taxable amount, no more Medicare tax is deducted.TrueFalse
- 18. Multiple ChoiceBusinesses must withhold federal income tax from employee total earnings unless the employee has claimed "EXEMPT" on his W-4 form.TrueFalses
- 19. Multiple ChoicePayroll taxes are based on employee total earningsTrueFalse
- 20. Multiple ChoiceThe amount of income tax withheld from each employee's total earnings is determined from the number of withholding allowances, net earnings and by the employee's marital status.TrueFalse
- 21. Multiple ChoiceThe withholding allowances of an employee effectSocial security tax withheldFederal income tax withheldFederal unemployement tax owedState unemployment tax owed
- 22. Multiple ChoiceFederal income tax withheld from employee earningsOnly in those sates electing to do soIn all states wtih over 10,000,000 populationOnly in states where a state income tax is leviedIn all 50 states
- 23. Multiple ChoiceThe social security tax is calculated byMultiplying total earnings by the tax rateMultiplying net earnings by the tax rateUsing a tax tableNone of these
- 24. Multiple ChoiceAll employees must report their withholding allowances on aPayroll registerMemorandumForm W-4Form W-2
- 25. Multiple ChoiceThe Accumulated Earnings column of the employee earnings recordShows net pay for the yearIs the total earnings since the first of the year.Shows net pay for one quarterIs the gross earnings for one quarter
- 26. Multiple ChoiceEach employee name is listed in a a payroll register along withEmployee numberMartial statusWithholding allowancesAll of these
- 27. Multiple ChoiceEmployee regular earnings are calculated asRegular hours times regular rateTotal hours divided by regular rateTotal hours plus overtime rateOvertime hours minus overtime rate
- 28. Multiple ChoiceThe amount of the employee earnings record used to determine if certain payroll taxes apply to an employee's earning isNet payAccumulated earningsGross earningsSocial security taxes
- 29. Multiple ChoiceWhen recording employees' names in the payroll register, the order of their names isby alphabetical orderby employee numbersby gross earningsby number of allowances
- 30. Multiple ChoiceYou should receive what govt. document by the end of January from each employer you worked for during the previous calendar year?Form W-2Form W-4Form 1040Form 1040EZ
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