91. Payroll taxes levied against employees become liabilities
A. the first of the following month
B. at the time the payroll is paid
C. when earned by the employee
D. at the end of an accounting period
92. The following totals for the month of June were taken from the payroll register of Arcon Company:
93. Which of the following will have no effect on an employee’s take-home pay?
A. Social security tax
B. Unemployment tax
C. Marital status
D. Number of exemptions claimed
94. Which of the following are included in the employer's payroll taxes?
A. SUTA taxes
B. FUTA taxes
C. FICA taxes
D. all of the above
95. Most employers are required to withhold from employees for
A. both federal and state unemployment compensation
B. only federal unemployment compensation tax
C. only federal income tax
D. only state unemployment compensation tax
96. Each year there is a ceiling for the amount that is subject to all of the following except
A. social security tax
B. federal income tax
C. federal unemployment tax
D. state unemployment tax
97. Assuming no employees are subject to ceilings for their earnings, Moore Company has the following information for the pay period of December 15 - 31, 20xx.
98. Most employers are levied a tax on payrolls for
A. sales tax
B. medical insurance premiums
C. federal unemployment compensation tax
D. union dues
99. Payroll entries are made with data from the
A. wage and tax statement
B. employee's earning record
C. employer's quarterly federal tax return
D. payroll register
100. Which of the following forms is typically given to employees at the end of the calendar year so that employees can file their individual income tax forms?
A. Employment Withholding Allowance Certificate (W-4)
B. Wage and Tax Statement (Form W-2)
C. Employer's Quarterly Federal Tax Return (Form 941)
D. 401k plans