Online Exam 1_01
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Part 1 of 1 – 70.0/ 100.0 Points
Question 1 of 20 5.0/ 5.0 Points
Derek works 43 hours at a rate of pay of $15 per hour. He receives double pay over 40 hours. What is his
gross pay?
A. $800
B. $720
C. $780
D. $690
Question 2 of 20 5.0/ 5.0 Points
Wages and Salaries Expense is __________.
A. equal to net pay
B. equal to gross pay
C. equal to the employer’s taxes
D. none of the above
Question 3 of 20 0.0/ 5.0 Points
Which of the following would not typically be an employee payroll withholding?
A. unemployment taxes
B. medical insurance
C. state income tax
D. Social Security
Question 4 of 20 0.0/ 5.0 Points
The entry to record the payroll tax expense would include a __________.
A. credit to Federal Income Taxes Payable
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Online Exam 1_01
B. credit to Cash
C. credit to FICA (OASDI and Medicare. Taxes Payable
D. credit to Wages Payable
Question 5 of 20 5.0/ 5.0 Points
What is debited if State Unemployment Tax Payable (SUTA. is credited?
A. Payroll Tax Expense
B. Cash
C. Salaries Payable
D. Salaries Expense
Question 6 of 20 0.0/ 5.0 Points
Grammy’s Bakery had the following information for the pay period ending June 30:
Employee Name
Pay
Rate Hours Worked
Cumulative
Earnings Department
Federal
Income Tax
Withheld
P. Ganster $2,000 Salaried $12,000 Kitchen $86.00
T. Baker 10.00/hr 50 $6,500 Office $22.00
Assume:
FICA-OASDI is applied to the first $106,800 at a rate of 6.2%.
FICA-Medicare is applied at a rate of 1.45%.
FUTA is applied to the first $7,000 at a rate of 0.8%.
SUTA is applied to the first $7,000 at a rate of 5.6%.
State income tax is 3.8%.