B the look back period C the payroll register D Form 941 A summary record of

B the look back period c the payroll register d form

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B. the look-back period. C. the payroll register. D. Form 941. A summary record of each person’s earnings, deductions, and net pay is called a/anA. payroll register. B. W-4. C. employee individual earnings record. D. general journal. What is debited if State Unemployment Tax Payable (SUTA) is credited?A. Payroll Tax Expense B. Cash C. Salaries Payable D. Salaries Expense Derek works 43 hours at a rate of pay of $15 per hour. He receives double pay over 40 hours. What is his gross pay?A. $800 B. $720 C. $780 D. $690 Compute net earnings on March 3, when gross (taxable) pay equals $750. FICA-OASDI tax rates are 6.2%,FICA-Medicare rate is 1.45%, federal income tax is $71.00, and state income tax is $5.00.A. $615.00 B. $610.00 C. $616.62 D. $672.12 Grammy’s Bakery had the following information for the pay period ending June 30:Employee Name
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PayRateHours WorkedCumulative EarningsDepartmentFederal Income Tax WithheldP. Ganster$2,000Salaried$12,000Kitchen$86.00T. Baker10.00/hr50
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$6,500Office$22.00Assume:FICA-OASDI is applied to the first $106,800 at a rate of 6.2%.FICA-Medicare is applied at a rate of 1.45%.FUTA is applied to the first $7,000 at a rate of 0.8%.SUTA is applied to the first $7,000 at a rate of 5.6%.State income tax is 3.8%.Given the above information, what would be the amount applied to Office Salaries Expense?A. Debit of $550 B. Credit of $550
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C. Debit of $500 D. Credit of $500 The debit amount to Payroll Tax Expense representsA. the employer’s portion of the payroll taxes. B. the employees’ portion of the payroll taxes. C. the employer’s and employees’ portion of the payroll taxes. D. None of the above Brian Temple’s cumulative earnings are $73,000, and his gross pay for the week is $5,300. If the FICA rates are OASDI 6.2% on a limit of $106,800 and Medicare is 1.45%, what are his FICA-OASDI and FICA-Medicare taxes for the week?A. $0; $76.85 B. $328.60; $0 C. $328.60; $76.85 D. $3,286; $768.50 A pay period is defined asA. weekly. B. biweekly. C. monthly. D. All of the above
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  • Winter '16
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  • Accounting, Income tax in the United States

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