To see each answer, press or click on the blue "Unscramble" button. If you have difficulty answering the following questions, learn more about this topic by reading our Payroll Accounting (Explanation).
3. State and federal _______________ taxes are not withheld from employees' wages.
UNEMPLOYMENT OETPNLYEMUMN4. The ________ unemployment tax is often a net rate of 0.6% of each employee's first $7,000 of annual wages.
FEDERAL RLFEEAD5. An employee's hourly pay rate multiplied by the hours worked equals the employee's _______ wages.
GROSS RGSSO6. A person who performs a service for a company but is not the company's employee is referred to as an _________________ contractor.
INDEPENDENT ENTENNIPDED7. Amounts withheld from an employees' wages are reported as current ___________ until they are remitted.
LIABILITIES TISILBLIAIE8. Generally, employers with hourly paid employees will have to prepare an ____________ entry to accrue wages.
ADJUSTING AINTJUDSG9. To achieve the matching principle, fringe benefits are best expensed in the period in which the employee has _________ them.
EARNED NARDEE10. The accrual of wages and fringe benefits will credit a ___________ account.
LIABILITY LYAITLIBI
Get Our Premium Payroll Accounting Test Questions When You Join PRO
Receive instant access to our entire collection of premium materials, including our 1,800+ test questions.
View All PRO Features
Join PRO or PRO Plus and Get Lifetime Access to Our Premium Materials
Read all 2,928 reviewsFeatures
PRO
PRO Plus
For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.
Read 2,928 Testimonials
