Fica social security tax payable increases on the

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FICA-Social Security Tax Payable increases on the credit side of the account.Payroll Tax Expense increases on the debit side of the account.SUTA Tax Payable increases on the debit side of the account.
Question105 / 5 pointsAs the Prepaid Workers Compensation is recognized, the amount will transferto __________.
Payroll Tax ExpenseQuestion110 / 5 pointsWhich of the following is not a part of internal control?
Question120 / 5 pointsWhen calculating the employee’s payroll, the clerk forgot about the wagebase limits. What impact could this error cause on the employee’s check?
Question135 / 5 pointsA summary record of each person’s earnings, deductions, and net pay iscalled a(n. __________.Question options:payroll registerW-4employee individual earnings recordgeneral journal
Question145 / 5 pointsThe information needed to make the journal entries to record the wages andsalaries expense comes from __________.
Question155 / 5 points
Important principles of internal control include __________.
Question165 / 5 pointsOn January 15, Robert Love earned $4,000 and has the following deductions:FICA-OASDI 6.2%, FICA-Medicare 1.45%, federal income tax of $200, andstate income tax of $40. What is his net pay?
Question175 / 5 pointsWhich of the following would not typically be an employee payrollwithholding?
Question options:unemployment taxesmedical insurancestate income taxSocial Security
Question180 / 5 pointsThe law that governs overtime earnings is called the __________.
Question195 / 5 pointsA W-4 form __________.
determines the amount of FICA-Medicare to be withheldprovides the number of allowances an employee has claimedshows total wages earned for the yearQuestion205 / 5 pointsTodd earns an hourly rate of $20 and had taxes withheld totaling $200. What

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Term
Winter
Professor
N/A
Tags
Progressive Tax, Federal Insurance Contributions Act tax

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