The percentage of fica-medicare multiplied by taxable

Assignment Help Accounting Basics

Reference no: EM13596820

1) The entry to record the employer's payroll taxes would include:
A) a credit to State and Federal Unemployment Tax Payable.
B) a credit to FICA-Social Security Taxes Payable and FICA-Medicare Taxes Payable.
C) a debit to Payroll Taxes Expense.
D) All of these answers are correct.

2) The entry to record the payroll tax expense would include:
A) a credit to Cash.
B) a credit to FICA (Social Security and Medicare) Taxes Payable.
C) a credit to Federal Income Taxes Payable.
D) a credit to Wages Payable.

3) The percentage of FICA-Medicare multiplied by taxable earnings on the 941 is:
A) 12.4%.
B) 6.2%.
C) 2.9%.
D) 1.45%.

4) The employer's annual Federal Unemployment Tax Return is:
A) Form 940EZ.
B) Form 8109.
C) Form 941.
D) Form W-4.

78) Workers' Compensation Insurance is:
A) paid by the employer to protect the employee against job-related injury or death.
B) paid by the employee to protect himself/herself against no-njob-related accidents and death.
C) paid by the employee to protect himself/herself against job-related accidents or death.
D) paid by the employer to protect the employee against non-job-related injury or death.

Reference no: EM13596820

Questions Cloud

Broadway arts inc produces and sells theater set designs : broadway arts inc. produces and sells theater set designs and costumes. the company began operations on january 1 2010.

Magic shoe offers a trade discount of 25 if the list price : 84 payment for merchandise sold on credit for 100 subject to 210 n30 was received within the discount period - 98 was

On may 31 2008 james logan company had a cash balance per : on may 31 2008 james logan company had a cash balance per books of 6559.53. the bank statement from farmers state bank

Benzoyl chloride c6h5cocl reacts with water to form benzoic : benzoyl chloride c6h5cocl reacts with water to form benzoic acid c6h5cooh and hydrochloric acid. this first-order

The percentage of fica-medicare multiplied by taxable : 1 the entry to record the employers payroll taxes would include a a credit to state and federal unemployment tax

Hector p wastrel a careless employee left some combustible : hector p. wastrel a careless employee left some combustible materials near an open flame in salter companys plant. the

Which of the following ground state ions isare : which of the following ground state ions isare diamagnetic?i. fe 2 ii. zn 2 iii. cu 1 iv. ni2 v. v3a i iv only b i iii

Which of these ground-state gaseous ions has the largest : which of these ground-state gaseous ions has the largest number of unpaired electrons?a v2b cr 2c fe 3d co 2e ni

The payroll register includes sections for recordingboth : 1 the payroll register includes sections for recording a assets liabilities equity revenues and expenses. b gross pay

User Account

All Pages