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