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 YENMUMNOLETP4. The ________ unemployment tax is often a net rate of 0.6% of each employee's first $7,000 of annual wages.
FEDERAL REEFLAD5. An employee's hourly pay rate multiplied by the hours worked equals the employee's _______ wages.
GROSS SRSGO6. A person who performs a service for a company but is not the company's employee is referred to as an _________________ contractor.
INDEPENDENT PEDEENNINTD7. Amounts withheld from an employees' wages are reported as current ___________ until they are remitted.
LIABILITIES ISIETLIBALI8. Generally, employers with hourly paid employees will have to prepare an ____________ entry to accrue wages.
ADJUSTING UISGJATND9. To achieve the matching principle, fringe benefits are best expensed in the period in which the employee has _________ them.
EARNED NREAED10. The accrual of wages and fringe benefits will credit a ___________ account.
LIABILITY ILIBLTYIA
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