2018
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PAYROLL
ACCOUNTING
Bieg/Toland
TEST 3
Student INSTRUCTOR’S COPY
Chapter 3 Date
SCORING RECORD
Section Total Points Deductions Score
A 40
B 60
Total 100
Section A—DIRECTIONS: Each of the following statements is either true or false. Unless directed otherwise
b
y your instructor, indicate your choice in the Answers column by writing “T” for a true answer or “F” for a false
answer. (1 point for each correct answer)
For
Answers Scoring
.
5. Year-end bonuses paid to employees are not subject to the hospital insurance (HI) part of the
8. Employer contributions for retirement plan payments for employees are defined as wages and
10. If an employee defers compensation into a 401(k) plan, the deferral (payroll deduction) is still
14. A monthly depositor’s employment taxes total $3,800 on Wednesday, March 31, 20–, the end of
16. Employers who file Form 941 electronically are given an extra 10 days from the normal
19. If the last day for filing Form 941 falls on Saturday, the return may be filed on the next business
20. If tax deposits are made on time, there is no penalty for late filing of Form 941. ………………………
.
F20.
ATS–6 Chapter 3/Achievement Test Solutions
Section B—DIRECTIONS: Complete Problems 1 and 2 by recording your answers in the spaces provided. Use the following tax rates and taxable wage bases:
Employees’ and Employer’s OASDI—6.2% both on $127,200; HI—1.45% for employees and employers on the total wages paid. Employees’ Supplemental HI of 0.9% on
wages in excess of $200,000 was not applicable in these problems.
1. During 2018, Amanda Hines, president of Dunne, Inc., was paid a semimonthly salary of $7,100. Determine the following amounts. (2 points for each
correct answer) OASDI HI
3. At Haddon, Inc., the office workers are employed for a 40-hour workweek and are paid on either an annual, monthly, or hourly basis. All office workers are entitled
Weekly Payroll for Period Ending December 26, 20–
Total Reg. Cum. FIC
A
Hrs. Regula
r
Overtime and O/T Taxable Wages Taxable Wages FICA Taxes Net
Employee Salary Worked Earnings Earnings Earnings as of Last Pay This Pay Period to be Withheld Pay
(A) (B) (C) Period (12/19/–) (D) (E) (F)
OASDI HI OASDI HI