UNIT 5 Practice Test

Descrição

This is the payroll unit practice exam.
Kathleen Keller
Quiz por Kathleen Keller, atualizado more than 1 year ago
Kathleen Keller
Criado por Kathleen Keller aproximadamente 8 anos atrás
797
1

Resumo de Recurso

Questão 1

Questão
Watauga Office Supply paid state unemployment taxes of $168.00. What is the entry to journalize the payment of the unemployment taxes?
Responda
  • Debit Cash $168.00; credit State Unemployment Tax Payable $168.00
  • Debit Payroll Tax Expense $168.00, credit Cash $168.00
  • Debit State Unemployment Tax Payable $168.00, credit Cash $168.00
  • Debit State Unemployment Tax Payable $168.00, credit Payroll Tax Expense $168.00

Questão 2

Questão
John's Seafood has $1,500.00 in wages, $93.00 in Social Security withholding, $21.75 in Medicare withholding, $200.00 in federal income tax withholding, and $80.00 in state income tax withholding. What is the correct entry for recording the company's payroll?
Responda
  • Debit Salary Expense $1,500.00, Social Security Tax Payable $93.00, Medicare Tax Payable $21.75, Federal Income Tax Payable $200.00, State Income Tax Payable $80.00; credit Cash $1,105.25
  • Debit Salary Expense $1,500.00; credit Social Security Tax Payable $93.00, Medicare Tax Payable $21.75, Federal Income Tax Payable $200.00, State Income Tax Payable $80.00, Cash $1,105.25
  • Debit Social Security Tax Payable $93.00, Medicare Tax Payable $21.75, Federal Income Tax Payable $200.00, State Income Tax Payable $80.00; credit Salary Expense $1,500.00, Cash $1,105.25
  • Debit Wages Expense $1,500.00, Cash $1,105.25; credit Social Security Tax Payable $93.00, Medicare Tax Payable $21.75, Federal Income Tax Payable $200.00, State Income Tax Payable $80.00

Questão 3

Questão
Brandon worked 7 hours on Monday, 8 hours on Tuesday, 10 hours on Wednesday, 9 hours on Thursday, 10 hours on Friday, and 4 hours on Saturday. Brandon's rate of pay is $12 per hour. Calculate Brandon's regular, overtime and total hours for the week.
Responda
  • 40 Regular Hours, 8 Overtime Hours, and 48 Total Hours
  • 30 Regular Hours, 18 Overtime Hours, and 48 Total Hours
  • 35 Regular Hours, 13 Overtime Hours, and 48 Total Hours
  • 48 Regular Hours, No Overtime Hours, and 48 Total Hours

Questão 4

Questão
WKRP Broadcasting paid federal unemployment taxes of $28. What is the entry to journalize the payment of the unemployment taxes?
Responda
  • Debit Cash $28.00; credit Federal Unemployment Tax Payable $28.00
  • Debit Federal Unemployment Tax Payable $28.00, credit Cash $28.00
  • Debit Federal Unemployment Tax Payable $28.00, credit Payroll Tax Expense $28.00
  • Debit Payroll Tax Expense $28.00, credit Cash $28.00

Questão 5

Questão
Burger Barn paid the following taxes: Social Security $240.00, Medicare $110.00, Federal Income Tax $250.00. What is the entry to journalize the payment of the payroll taxes?
Responda
  • Debit Cash $600.00; credit Social Security Tax Payable $240.00, Medicare Tax Payable $110.00, Federal Income Tax Payable $250.00
  • Debit Payroll Tax Expense $600.00; credit Cash $600.00
  • Debit Social Security Tax Payable $240.00, Medicare Tax Payable $110.00, Federal Income Tax Payable $250.00; credit Cash $600.00
  • Debit Social Security Tax Payable $240.00, Medicare Tax Payable $110.00, Federal Income Tax Payable $250.00; credit Payroll Tax Expense $600.00

Questão 6

Questão
Sports Incorporated has employer payroll taxes as follows: Social Security Tax $225.00, Medicare Tax $125.00 and Federal Unemployment Tax $55.00. What is the entry to record the employer's payroll taxes?
Responda
  • Debit Payroll Tax Expense $405.00, Social Security Tax Payable $225.00; credit Medicare Tax Payable $125.00, Federal Unemployment Tax Payable $55.00
  • Debit Payroll Tax Expense $405.00; credit Cash $405.00
  • Debit Payroll Tax Expense $405.00; Credit Social Security Tax Payable $225.00, Medicare Tax Payable $125.00, Federal Unemployment Tax Payable $55.00
  • Debit Social Security Tax Payable $225.00, Medicare Tax Payable $125.00, Federal Unemployment Tax Payable $55.00; credit Payroll Tax Expense $405.00

Questão 7

Questão
Greg has gross earnings of $245.00, Social Security withholding of $15.19, Medicare withholding of $3.55, federal income tax withholding of $50.00, and state income tax withholding of $15.93. What are Greg's total deductions?
Responda
  • $34.67
  • $68.74
  • $84.67
  • $160.33

Questão 8

Questão
Matt has gross earnings of $300.00 and total deductions of $126.75. What is Matt's net pay?
Responda
  • $426.75
  • $226.25
  • $175.00
  • $173.25

Questão 9

Questão
WKRP Broadcasting paid state unemployment taxes of $95.00. What is the entry to journalize the payment of the unemployment taxes?
Responda
  • Debit Cash $95.00; credit State Unemployment Tax Payable $95.00
  • Debit Payroll Tax Expense $95.00; credit Cash $95.00
  • Debit State Unemployment Tax Payable $95.00; credit Cash $95.00
  • Debit State Unemployment Tax Payable $95.0; credit Payroll Tax Expense $95.00

Questão 10

Questão
Brenda worked 8 hours on Monday, 7 hours on Tuesday, 9 hours on Wednesday, 10 hours on Thursday, 8 hours on Friday, and 4 hours on Saturday. Brenda’s rate of pay is $10 per hour. Calculate Brenda’s regular, overtime and total hours for the week.
Responda
  • 39 Regular Hours, 7 Overtime Hours, and 46 Total Hours
  • 40 Regular Hours, 6 Overtime Hours, and 46 Total Hours
  • 43 Regular Hours, 3 Overtime Hours, and 46 Total Hours
  • 46 Regular Hours, No Overtime Hours, and 46 Total Hours

Questão 11

Questão
In Figure 1, what are David’s gross earnings for the pay period?
Responda
  • $420.00
  • $500.00
  • $470.00
  • $370.00

Questão 12

Questão
In Figure 2, what is the Medicare withholding for Megan?
Responda
  • $652.50
  • $65.25
  • $6.53
  • $0.65

Questão 13

Questão
In Figure 3, what is the employer’s federal unemployment tax for the pay period?
Responda
  • $2.00
  • $20.00
  • $200.00
  • $300.00

Questão 14

Questão
Danny's Diner paid the following taxes: Social Security $400.00, Medicare $150.00, Federal Income Tax $500.00. What is the entry to journalize the payment of the payroll taxes?
Responda
  • Debit Cash $1,050.00; Credit Social Security Tax Payable $400.00, Medicare Tax Payable $150.00, Federal Income Tax Payable $500.00
  • Debit Payroll Tax Expense $1,050.00, Credit Cash $1,050.00
  • Debit Social Security Tax Payable $400.00, Medicare Tax Payable $150.00, Federal Income Tax Payable $500.00; Credit Cash $1,050.00
  • Debit Social Security Tax Payable $400.00, Medicare Tax Payable $150.00, Federal Income Tax Payable $500.00; Credit Payroll Tax Expense $1,050.00

Questão 15

Questão
Sarah's Stationery Store paid federal unemployment taxes of $75.00. What is the entry to journalize the payment of the unemployment taxes?
Responda
  • Debit Cash $75.00; Credit Federal Unemployment Tax Payable $75.00
  • Debit Federal Unemployment Tax Payable $75.00, Credit Cash $75.00
  • Debit Federal Unemployment Tax Payable $75.00, Credit Payroll Tax Expense $75.00
  • Debit Payroll Tax Expense $75.00, Credit Cash $75.00

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