What is the total amount earned by all employees for a pay period?
What is a payroll?
100
What is the federal tax paid for old-age, survivors, and disability insurance called?
What is the Social Security Tax?
100
What is a business form used to record payroll information?
What is a payroll register?
100
Payroll checks made to individual employees come with what that includes recording earnings and amounts deducted?
What is a detachable check stub?
100
What is the money payed for employee services?
What is a salary?
200
How would an employer round the times to make this true:
7:58 am - 12:08 pm= 4:15 hrs
What is rounding to the nearest quarter hour?
200
What is the social security tax percentage used in this book?
What is 6.2%?
200
What is the sum of all earnings an employee has accumulated over a period of time?
What are accumulated earnings?
200
Employee payroll checks are signed by whom?
What is the manager?
200
If an employee works 40 regular hours a week for 2 weeks at a rate of $10 an hour, what are their total earnings at the end of the pay period?
What is $800?
300
What is the name of the sheet that records the employee number, name and hours worked?
What is a time card?
300
What is the maximum amount of earnings on which a tax is calculated?
What is a tax base?
300
Employee earnings are recorded every what?
What is a quarter?
300
A check made out by a business for the total net pay is deposited into what account?
What is a general checking account?
300
A business pays its employees every two weeks. This is an example of what?
What is a pay period?
400
When Regular and Overtime earnings are added, you get what?
What is total earnings?
400
What is the tax withheld from employee earnings in all 50 states?
What is federal income tax?
400
What document includes the employee number, name, marital status, withholding allowances, social security number, and the date of which each pay period ends?
What is an employee earnings record?
400
Individual checks do not have to be written and distributed what what is used?
What is EFT or Electronic Funds Transfer?
400
An employee works these hours:
DAY 1. 7:45 am - 12:03 pm, 12:58 pm - 5:08 pm
DAY 2. 6:55 am - 11:57 am, 12:50 pm - 4:44 pm
How many hours did they work for the 2 days?
What is 17.5 hours?
500
If an employee worked 8 regular hours at a rate of $5 an hour and 3 overtime hours at a rate of $7 an hour, how much money did they accumulate?
What is $61?
500
A single person has more income tax withheld than a married person due to what?
What are withholding allowances?
500
What are the five sub-columns of deductions found on an employee earnings record?
What are the Federal income tax, Social Security tax, Medicare tax, Health Insurance, and other columns?
500
When depositing a check into the general account, the check is payed to the order of what?
What is the payroll account and account number?
500
What is the percentage used in this book in order to obtain the amount Medicare tax?