Online Exam 1_01
Return to Assessment List
Part 1 of 1 – 75.0/ 100.0 Points
Question 1 of 20 5.0/ 5.0 Points
Gross earnings are the same as __________.
A. regular earnings
B. regular earnings + overtime earnings
C. net earnings
D. net earnings + overtime earnings
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
Todd earns an hourly rate of $20 and had taxes withheld totaling $200. What would his net earnings be if he
worked 44 hours (assuming double time over 40 hours.?
A. $760
B. $780
C. $720
D. $860
Question 4 of 20 5.0/ 5.0 Points
A summary record of each person’s earnings, deductions, and net pay is called a(n. __________.
A. payroll register
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Online Exam 1_01
B. W-4
C. employee individual earnings record
D. general journal
Question 5 of 20 0.0/ 5.0 Points
Which of the following statements is false?
A. Payroll Tax Expense is an expense account.
B. FICA-Social Security Tax Payable increases on the credit side of the account.
C. Payroll Tax Expense increases on the debit side of the account.
D. SUTA Tax Payable increases on the debit side of the account.
Question 6 of 20 5.0/ 5.0 Points
Important principles of internal control include __________.
A. that no payment can be made without an approved voucher
B. that all transactions are backed with documentation
C. a separation of duties
D. all of the above
Question 7 of 20 5.0/ 5.0 Points
The amount of federal income tax withheld from an employee during the year is determined by the employee’s