Reference no: EM13686058
1. Draw the diagram that shows how payroll accounting is done in PCA.
2. When setting up payroll defaults, what is the first step?
3. Identify the five tabs on the Employee Defaults window.
4. What is the Maintain Employees / Sales Reps window used for?
5. What do the check marks in the Calc column of the employee defaults indicate? Explain.
6. What is the difference in the appearance of the Payroll Entry window for an hourly employee
and a salaried employee? Explain.
7. Why do the employee deductions display as negative amounts on the Payroll Entry window?
8. What are the gross pay amounts for Brandee M. Nunnley and for Drake V. Carter? Include
Mr. Carter's overtime pay.
9. What is the net pay for Brandee M. Nunnley and for Drake V. Carter? Include Mr. Carter's
overtime pay.
10. What happens when payroll entries are posted?
Chapter 15
1. The cash account to credit when disbursing checks for Cynthia's Service Merchandise
employees is:
a. Account No. 10200, Southwest Bank.
b. Account No. 10300, Payroll Checking Account.
c. Account No. 23200, Wages Payable.
d. Account No. 77500, Wages Expense.
e. None of the above.
2. The amount withheld from employees' paychecks depend on:
a. How many employees a company has.
b. The amount withheld changes on every paycheck.
c. There are no withholdings.
d. The number of withholding allowances.
e. None of the above.
3. Guidelines for employee and employer withholdings are found in the following IRS
publication:
a. Circular E, Employer's Tax Guide.
b. Form 941, Employer's Quarterly Federal Tax Return.
c. Circular F, Employee/Employer Tax Guide.
d. Both a. and b.
e. None of the above.
4. On the Maintain Employees/Sales Reps window, you enter the following types of
information:
a. Employee name, address, and telephone number.
b. The way an employee is paid.
c. Tax filing status and withholding allowances.
d. All of the above.
e. None of the above.
5. TomAshtonreceivedaJanuary6paycheckintheamountof:
a. $495.00.
b. $439.73
c. $400.00.
d. $550.00.
e. None of the above.
6. The entry in the General Journal for the transfer of funds on January 5, 2012 is:
a. Debit, Account No. 10200, Southwest Bank, $6,500; Credit, Account No. 10300, Payroll
Checking Account, $6,500.
b. Debit, Account No. 10300, Payroll Checking Account, $6,500; Credit, Account No. 10200,
Southwest Bank, $6,500.
c. Debit, Account No. 10400, First Street Savings, $6,000; Credit, Account No. 10200,
Southwest Bank, $6,000.
d. Debit, Account No. 10200, Southwest Bank, $6,500; Credit, Account No. 10400, First Street
Savings, $6,500.
e. None of the above.
7. All of these payroll tax deductions are subtracted from an employee's gross pay
EXCEPT:
a. Federal income tax (FIT).
b. Social security tax (FICA).
c. Medicare tax.
d. Federal unemployment tax (FUTA).
e. None of the above.
8. The Gross Pay Account is:
a. Account No. 72000, Payroll Tax Expense.
b. Account No. 23400, Federal Payroll Taxes Payable.
c. Account No. 77500, Wages Expense.
d. Account No. 24000, FICA Employee Tax Payable.
e. None of the above.
9. Lauren Gomez received a January 13 paycheck in the amount of:
a. $449.02.
b. $338.59.
c. $446.13.
d. $360.00.
e. None of the above.
10. The maximum taxable earnings subject to social security taxes can change due to:
a. Federal legislation.
b. The amount of monthly wages.
c. The number of exemptions.
d. The Medicare tax.
e. None of the above.
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