Chapter 13 Matching Test
State unemployment tax
A state ta used to pay benefits to unemployed workers is
quarterly
Each employer must file a federal tax return showing the federal income tax and social security and Medicare taxes due the government
January 31 of the following year
Employers are required to furnish each employee with an annual statement of earnings and withholdings before
during the month following each calendar quarter
In general, employers are required to pay state unemployment taxes
Salary Expense
The entry to journalize paying a semimonthly payroll less deductions for employee income tax, social security and Medicare tax, and U.S. Savings Bonds is a credit to Cash and the liability accounts and a debit to
a check
The source document for paying employee income tax and social security and Medicare tax is
a check
The source document for paying state unemployment tax is
unemployment taxable earnings
The total earnings subject to federal unemployment tax is referred to as
Liabilities
Until the amounts withheld from employee salaries are paid by the employer, they are recorded as