Account 13
The source document for paying employee income tax and ss and Medicare tax
Check
The source document for paying state unemployment taxes is
Check
The payment of payroll tax to the government is referred to as a
Deposit
In general, employers are required to pay state unemployment taxes
During the months following each calendar quarter
A business deposit the total of gross wages in a separate payroll checking account
False
Each employer who withholds income tax, social security tax, and Medicare tax from employee earnings must furnish each employee with a quarterly statement
False
Federal unemployment insureance laws require that employers and employees payt taxes for unemployment compensation
False
If the tax base for calculating unemployment taxes is $7,000 and an employee's accumulated earnings are $6,500.00, and the employee earns another $1,500.00, the amount of new earnings subject to unemployment tax is $1,500.00.
False
In the journal entry for a payroll the amount devoted to salary expense is the total of the net pay colum of the payroll register
False
The employer ss tax rate is different than the employee ss tax
False
The tax base for Medicare tax is the same as the tax base for social security tax.
False
The transition to recored employer payroll taxes expense is joyrides at the end of the Quarter
False
The payroll register provides all the payroll information needed to prepare a payroll
Flase
Employers are required to furnish each employe with an annual statement of earnings and withholding before
Jan 31 of the following year
Until the amount withheld from employee salaries are paid by the employer they are recored as
Liabilities
Each employer must file a _____ federal tax return showing the federal income tax, social security tax, and medicare tax due the government
Quarterly
State taxes used to pay benefits to unemployed workers is
State unemployment tax
Each employer is required by law to periodly report the payroll taxes withheld from employee salaries
True
Employer payroll taxes are business expense
True
From w-2 reports an employees annual earning and the withholding for federal income, ss , and Medicare
True
In each pay period the payroll information for each employee is recorded on his or hers employee earnings recored
True
Some employers must deposit payments for withheld employees' federal income tax and social security and Medicare taxes on the next banking day.
True
The timing of payroll tax payments is based on the amount owed
True
The total earnings subject to federal unemployment tax is referred to as
Unemployment taxable earnings
