8000125
Description
Quiz by Martha Combs, updated more than 1 year ago
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Question 1
Question
Watauga Office Supply paid state unemployment taxes of $168.00. What is the entry to journalize the payment of the unemployment taxes?
Answer
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Debit Cash $168.00; credit State Unemployment Tax Payable $168.00
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Debit Payroll Tax Expense $168.00, credit Cash $168.00
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Debit State Unemployment Tax Payable $168.00, credit Cash $168.00
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Debit State Unemployment Tax Payable $168.00, credit Payroll Tax Expense $168.00
Question 2
Question
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?
Answer
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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
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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
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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
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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
Question 3
Question
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.
Answer
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40 Regular Hours, 8 Overtime Hours, and 48 Total Hours
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30 Regular Hours, 18 Overtime Hours, and 48 Total Hours
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35 Regular Hours, 13 Overtime Hours, and 48 Total Hours
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48 Regular Hours, No Overtime Hours, and 48 Total Hours
Question 4
Question
WKRP Broadcasting paid federal unemployment taxes of $28. What is the entry to journalize the payment of the unemployment taxes?
Answer
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Debit Cash $28.00; credit Federal Unemployment Tax Payable $28.00
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Debit Federal Unemployment Tax Payable $28.00, credit Cash $28.00
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Debit Federal Unemployment Tax Payable $28.00, credit Payroll Tax Expense $28.00
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Debit Payroll Tax Expense $28.00, credit Cash $28.00
Question 5
Question
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?
Answer
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Debit Cash $600.00; credit Social Security Tax Payable $240.00, Medicare Tax Payable $110.00, Federal Income Tax Payable $250.00
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Debit Payroll Tax Expense $600.00; credit Cash $600.00
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Debit Social Security Tax Payable $240.00, Medicare Tax Payable $110.00, Federal Income Tax Payable $250.00; credit Cash $600.00
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Debit Social Security Tax Payable $240.00, Medicare Tax Payable $110.00, Federal Income Tax Payable $250.00; credit Payroll Tax Expense $600.00
Question 6
Question
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?
Answer
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Debit Payroll Tax Expense $405.00, Social Security Tax Payable $225.00; credit Medicare Tax Payable $125.00, Federal Unemployment Tax Payable $55.00
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Debit Payroll Tax Expense $405.00; credit Cash $405.00
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Debit Payroll Tax Expense $405.00; Credit Social Security Tax Payable $225.00, Medicare Tax Payable $125.00, Federal Unemployment Tax Payable $55.00
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Debit Social Security Tax Payable $225.00, Medicare Tax Payable $125.00, Federal Unemployment Tax Payable $55.00; credit Payroll Tax Expense $405.00
Question 7
Question
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?
Answer
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$34.67
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$68.74
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$84.67
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$160.33
Question 8
Question
Matt has gross earnings of $300.00 and total deductions of $126.75. What is Matt's net pay?
Answer
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$426.75
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$226.25
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$175.00
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$173.25
Question 9
Question
WKRP Broadcasting paid state unemployment taxes of $95.00. What is the entry to journalize the payment of the unemployment taxes?
Answer
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Debit Cash $95.00; credit State Unemployment Tax Payable $95.00
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Debit Payroll Tax Expense $95.00; credit Cash $95.00
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Debit State Unemployment Tax Payable $95.00; credit Cash $95.00
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Debit State Unemployment Tax Payable $95.0; credit Payroll Tax Expense $95.00
Question 10
Question
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?
Answer
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Debit Payroll Tax Expense $405.00, Social Security Tax Payable $225.00; credit Medicare Tax Payable $125.00, Federal Unemployment Tax Payable $55.00
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Debit Payroll Tax Expense $405.00; credit Cash $405.00
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Debit Payroll Tax Expense $405.00; credit Social Security Tax Payable $225.00, Medicare Tax Payable $125.00, Federal Unemployment Tax Payable $55.00
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Debit Social Security Tax Payable $225.00, Medicare Tax Payable $125.00, Federal Unemployment Tax Payable $55.00; credit Payroll Tax Expense $405.00
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