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PREPARING PAYROLL TIME CARDS
DETERMINING PAYROLL TAX WITHHOLDING
PREPARING PAYROLL REGISTERS
PREPARING PAYROLL CHECKS
FINAL JEOPARDY
100
The money paid for employee services.
What is a salary?
100
Taxes based on the payroll of a business.
What are payroll taxes?
100
A business form used to record payroll information.
What is a payroll register?
100
Using one of these, a business candeposit employee net pay directly to each employee bank account.
What is an Electronic Funds Transfer? (EFT)
100
(FINAL JEOPARDY) The amount of total earnings is calculated by these factors.
Regular hours multiplied by Regular rate for Regular Earnings, Regular rate multiplied by 1 1/2 for overtime rate, overtime hours multiplied by overtime rate for overtime earnings, and Regular earnings plus overtime earnings to recieve total earnings.
200
The period covered by a salary payment
What is pay period?
200
A tax that is withheld from an employee's total earnings that is to be forwarded to the federal government.
What are federal income taxes?
200
(DOUBLE JEOPARDY) This is calculated by adding Federal Income Taxes, Social Security taxes, Medicare Taxes, Health Insurance, and other deductions. (400 POINTS)
What are total deductions?
200
Using a separate checking account for payroll checks provides internal control and this.
What is fraud prevention?
300
The total amount earned by all employees for a pay period.
What is payroll?
300
A deduction from total earnings for each person legally supported by a tax payer.
What is a withholding allowance?
300
A business form used to record details affecting payments made to an employee.
What is an employee earnings record?
300
The exact amount needed to pay the payroll is deposited in this.
What is the special payroll checking account?
400
This card represents the working hours, as well as the overtime hours, of an employee.
What is a payroll time card?
400
A federal tax paid for old-age, survivors, and disability insurance.
What is social security tax?
400
The last date of the semimonthly payroll period is entered here.
What is the top of the payroll register?
400
A business pays its employees with these written on a special payroll checking account.
What is a payroll check?
500
The total pay due for a pay period before deductions.
What are total earnings?
500
(DOUBLE JEOPARDY) The amount of federal tax withheld from each employee's total earnings is determined from withholding tables prepared by this organization. (1000 POINTS)
What is Internal Revenue Service?
500
This is the amount that the employee has earned for each quarter.
What are accumulated earnings?
500
Employees keep the stubs for a record of these.
What are deductions and cash recieved?