Ch 1
Ch 2
Ch 3
Ch 4
Ch 5
100
A person who plans, sumamriezes, analyzes, and interprets accounting information
What is an accountant?
100
These are items owned that have monetary value
What are assets?
100
Federal tax for old age, survivors, and disability insurance.
What is Social Security?
100
A quarterly federal tax return form showing the federal income tax social security tax, and Medicare tax due the government.
What is a form 941?
100
Where a period's payroll information is recorded.
What is a payroll register?
200
Organized summaries of a business' financial activities
What is accounting records?
200
These are the 2 ways the fundamental accounting equation is stated.
What are 1) Assets-Liabilities=Owner's Equity and 2) Assets=Owner's Equity+Liabilities?
200
Maximum earnings to which a tax applies.
What is a Tax Base?
200
An employers annual report to employees of taxes withheld?
What is a W-2?
200
A process by which an employer keeps track of an employees work hours?
What is a time card (clock)?
300
A person who records, sorts, and files accounting information is often called this.
What is an accounting clerk?
300
Assets=Liabilities + Owner's Equity
What is The Accounting Equation?
300
State tax for payments to unemployed workers.
What is unemployment?
300
Total amount earned by all emplyees in period.
What is Payroll?
300
Type of tax allowance for those an employee supports
What is Withholding?
400
a form where a period's payroll information is recorded
What is a Payroll Register?
400
This is the difference between total assets and total liabilities.
What is Owner's Equity?
400
Amount due for a pay period before deductions.
What is Total Earnings?
400
A period covered by a salary payment.
What is a pay period?
400
Federal tax paid for hospital insurance.
What is Medicare?
500
An employee's withholding allowance certificate furnished upon hire date.
What is a W-4?
500
Any item or product that a company owes?
What is a liability?
500
This is another term used on the balance sheet that refers to Owner's Equity.
What is capital?
500
Earnings after deductions.
What is Net pay?
500
This represents the usual length of a fiscal period.
What is one year?
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