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Chapter 10 - Payroll Computations, Records, and Payment
58. The Payroll Tax Expense account is used to record which of the following taxes?
59. Jill Monroe earns $25 per hour. She worked 48 hours this pay period and receives time-
and-a-half for any hours worked over 40 hours per week. Jill's gross earnings are:
60. Which of the following is NOT typically an employee payroll withholding?
10-23
© 2012 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in
any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole or part.
66. During one week, three employees of the Snowshoe Lodge worked the number of hours
shown below. All these employees receive overtime pay at one and a half times their regular
hourly rate for any hours worked beyond 40 in a week. Compute the regular earnings,
overtime earnings, and gross pay for each employee.
10-25
68. During one week, three employees of the Pampered Pooch Pet Salon worked the number
of hours shown below. All these employees receive overtime pay at one and a half times their
regular hourly rate for any hours worked beyond 40 in a week. Compute the regular earnings,
overtime earnings, and gross pay for each employee.
10-26
69. During one week, three employees of the Siesta Inn worked the number of hours shown
below. All these employees receive overtime pay at one and a half times their regular hourly
rate for any hours worked beyond 40 in a week. Compute the regular earnings, overtime
earnings, and gross pay for each employee.
AACSB: Analytic
AICPA BB: Resource Management
Bloom's: Apply
Learning Objective: 10-02 Compute gross earnings of employees.
Level: Medium
Topic: Calculating Earnings and Taxes
10-37
© 2012 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in
any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole or part.
Matching Questions
82. Match the accounting terms with the description by entering the proper number.
1. A record of payroll information for each
employee for the pay period
Social Security (FICA)
Tax
4
2. A person who is hired by and works under the
control and direction of the employer
Commission basis
12
3. A form used to claim exemption (withholding)
allowances
Salary basis
7
4. A tax imposed by the Federal Insurance
Contributions Act and collected on employee
earnings to provide retirement and disability
benefits
Individual earnings
record
17
5. A method of paying employees according to a
stated rate per hour
Social Security Act
10
6. Salaried employees who hold supervisory or
managerial positions who are not subject to the
maximum hour and overtime pay provisions of
the Wage and Hour Law
Tax-exempt wages
14
7. A method of paying employees according to an
agreed-upon amount for each week or month
Hourly rate basis
5
8. A tax levied on employees and employers to
provide medical care for the employee and the
employee's spouse after each has reached age 65
Exempt employees
6
9. Taxes levied by a state government against
employers to benefit unemployed workers
Compensation record
18
10. A federal act providing certain benefits for
employees and their families; officially the
Federal Insurance Contributions Act
Workers' compensation
insurance
15
11. Taxes levied by the federal government
against employers to benefit unemployed
workers
Time and a half
13
12. A method of paying employees according to a
percentage of net sales
Employee
2
13. Rate of pay for an employee's work in excess
of 40 hours a week
Medicare tax
8
14. Earnings in excess of the base amount set by
the Social Security Act
Payroll register
1
15. Insurance that protects employees against
losses from job-related injuries or illnesses, or
compensates their families if death occurs in the
course of the employment
Employee's withholding
Allowance certificate (Form
W-4)
3
16. One who is paid by a company to carry out a
specific task or job but is not under the direct
supervision or control of the company
Independent contractor
16
