Question 1

If employees in a manufacturing business are paid wages based on the number of units produced, they are paid on the ____________________ basis.

Accepted Answer

The answer of If employees in a manufacturing business are...

Question 2

Federal law requires that the employer withhold _________ from the employee's pay.

Accepted Answer

Federal law only requires employers to withhold federal income tax, social security tax, and Medicare tax from an employee's pay. State and local taxes and FUTA are not required by federal law, although they may be required by state or local governments.

Question 3

An employee whose regular hourly rate is $10 and whose overtime rate is 1.5 times the regular rate worked 44 hours in one week. In the payroll register, the employer should record an overtime premium of

Accepted Answer

The answer of An employee whose regular hourly rate is...

Question 4

A worker who is paid an agreed amount for each week or month or year is said to be paid on a(n) ____________________ basis.

Accepted Answer

The answer of A worker who is paid an agreed...

Question 5

An employee whose regular hourly rate is $20 and whose overtime rate is 1.5 times the regular rate worked 44 hours in one week. In the payroll register, the employer should record an overtime premium of

Accepted Answer

The answer of An employee whose regular hourly rate is...

Question 6

The employer records the amount of federal income tax withheld from employees as

Accepted Answer

The amount of federal income tax withheld from employees is a liability for the employer and should be recorded as Employee Federal Income Tax Payable. It represents the amount that the employer owes to the federal government on behalf of its employees for income taxes withheld from their paychecks. Income Tax Expense is the amount of income tax owed by the employer on its own income, not the amount withheld from employees. Social Security Tax Expense and Social Security Tax Payable relate to a different tax altogether.

Question 7

Which of the following statements is correct?

Accepted Answer

The answer of Which of the following statements is correct?
...

Question 8

An employee whose regular hourly rate is $10 and whose overtime rate is 1.5 times the regular rate worked 48 hours in one week. In the payroll register, the employer should record an overtime premium of

Accepted Answer

The answer of An employee whose regular hourly rate is...

Question 9

Because salaried employees who hold supervisory or managerial positions generally are not subject to wage and hour laws, they are known as ____________________ employees.

Accepted Answer

The answer of Because salaried employees who hold supervisory or...

Question 10

An employee whose regular hourly rate is $12 and whose overtime rate is 1.5 times the regular rate worked 45 hours in one week. The employer should record an overtime premium of ____________________ in the payroll register.

Accepted Answer

The answer of An employee whose regular hourly rate is...

Question 11

The employer records the amount of federal income taxes withheld from employees in the Employee Income Tax ____________________ account.

Accepted Answer

The answer of The employer records the amount of federal...

Question 12

The amount of employees' ____________________ pay is recorded in the Wages Expense account.

Accepted Answer

The answer of The amount of employees' ____________________ pay is...

Question 13

Which of the following statements is not correct?

Accepted Answer

The answer of Which of the following statements is not...

Question 14

Salespeople who are paid a percentage of net sales are paid on the basis of ___________________.

Accepted Answer

The answer of Salespeople who are paid a percentage of...

Question 15

After payroll computations are made, the hours worked, rates, earnings, and deductions are entered into a record called a(n) ___________________.

Accepted Answer

The answer of After payroll computations are made, the hours...

Question 16

To compute ____________________ pay, it is necessary to subtract the total of an employee's deductions from the employee's gross pay.

Accepted Answer

The answer of To compute ____________________ pay, it is necessary...

Question 17

Which of the following statements is correct?

Accepted Answer

The FUTA tax provides benefits for employees who become unemployed, the federal unemployment tax rate can be reduced by the rate charged by state for the state unemployment tax, and the earnings base for the federal and state unemployment taxes are the same, the first $7,000 of an employee's earnings for the year.

Question 18

An employee whose regular hourly rate is $9 and whose overtime rate is 1.5 times the regular rate worked 44 hours one week. The employee's gross pay was

Accepted Answer

The employee worked 44 hours, which is 4 hours over the regular 40-hour workweek, so there were 4 hours of overtime.
Regular pay = 40 hours x $9 per hour = $360
Overtime pay = 4 hours x $9 x 1.5 = $54
Gross pay = Regular pay + Overtime pay = $360 + $54 = $414.

Therefore, the correct answer is C: $414.

Question 19

Salespeople who are paid a percentage of net sales are paid on

Accepted Answer

Salespeople who are paid a percentage of net sales are typically paid on a commission basis, meaning they earn a percentage of the revenue they generate through their sales efforts. This is a common compensation structure in industries such as real estate, insurance, and retail sales.

Question 20

The details that are entered on the employee's individual earnings record for each pay period are obtained from the _______________________.

Accepted Answer

The answer of The details that are entered on the...

Quiz 10: Payroll Computations, Records, and Payment

If employees in a manufacturing business are paid wages based on the number of units produced, they are paid on the ____________________ basis.

Federal law requires that the employer withhold _________ from the employee's pay.

An employee whose regular hourly rate is $10 and whose overtime rate is 1.5 times the regular rate worked 44 hours in one week. In the payroll register, the employer should record an overtime premium of

A worker who is paid an agreed amount for each week or month or year is said to be paid on a(n) ____________________ basis.

An employee whose regular hourly rate is $20 and whose overtime rate is 1.5 times the regular rate worked 44 hours in one week. In the payroll register, the employer should record an overtime premium of

The employer records the amount of federal income tax withheld from employees as

Which of the following statements is correct?

An employee whose regular hourly rate is $10 and whose overtime rate is 1.5 times the regular rate worked 48 hours in one week. In the payroll register, the employer should record an overtime premium of

Because salaried employees who hold supervisory or managerial positions generally are not subject to wage and hour laws, they are known as ____________________ employees.

An employee whose regular hourly rate is $12 and whose overtime rate is 1.5 times the regular rate worked 45 hours in one week. The employer should record an overtime premium of ____________________ in the payroll register.

The employer records the amount of federal income taxes withheld from employees in the Employee Income Tax ____________________ account.

The amount of employees' ____________________ pay is recorded in the Wages Expense account.

Which of the following statements is not correct?

Salespeople who are paid a percentage of net sales are paid on the basis of ___________________.

After payroll computations are made, the hours worked, rates, earnings, and deductions are entered into a record called a(n) ___________________.

To compute ____________________ pay, it is necessary to subtract the total of an employee's deductions from the employee's gross pay.

Which of the following statements is correct?

An employee whose regular hourly rate is $9 and whose overtime rate is 1.5 times the regular rate worked 44 hours one week. The employee's gross pay was

Salespeople who are paid a percentage of net sales are paid on

The details that are entered on the employee's individual earnings record for each pay period are obtained from the _______________________.