Question : 43.Most states require that the employer file the state return : 1168924

 

 

43.Most states require that the employer file the state return for unemployment taxes   

A. monthly.

 

B. quarterly.

 

C. annually.

 

D. each payroll period.

 

 

 

 

44.Tax returns for the federal unemployment tax are due   

A. weekly.

 

B. monthly.

 

C. quarterly.

 

D. annually.

 

 

 

 

45.This preprinted government form is used to report federal unemployment taxes.   

A. Form 940

 

B. Form 941

 

C. Form 8109

 

D. Form W-2

 

 

 

 

46.All of the following are internal control procedures that are recommended to protect payroll operations except   

A. assign new employees to work in payroll operations.

 

B. keep payroll records in locked files.

 

C. make voluntary deductions from employee earnings based only on a signed authorization from the employee.

 

D. retain all Forms W-4.

 

 

 

 

47.Generally, the base earnings subject to state unemployment taxes is   

A. smaller than the base for social security.

 

B. the same as the base for social security.

 

C. larger than the base for social security.

 

D. the amount of total earnings.

 

 

 

 

48.If at the end of the year the firm owes a balance for workers’ compensation insurance, the adjusting entry includes a   

A. debit to Workers’ Compensation Insurance Payable a credit to Workers’ Compensation Insurance Expense.

 

B. a debit to Workers’ Compensation Refund Receivable and a credit to Workers’ Compensation Insurance Expense.

 

C. a debit to Workers’ Compensation Insurance Expense and a credit to Workers’ Compensation Insurance Payable.

 

D. a debit to Payroll Taxes Expense and a credit to cash.

 

 

 

 

49.Mr. Zee worked 48 hours during the week ended January 18, 2016. He is paid $10 per hour, and is paid time and a half for all hours over 40 in a week. He had $100 withheld from his pay for federal income taxes, and $20 withheld for health insurance. The combined social security and Medicare tax rate is 7.65%, and the federal and state unemployment tax rates are .6% and 3.8%, respectively. All earnings are taxable. What is the total employer payroll tax expense for Mr. Zee’s current paycheck.   

A. $62.66

 

B. $57.84

 

C. $82.66

 

D. $182.66

 

 

 

50.Alfred Spindle earned gross wages of $1,620 for the week ended June 21, 2016. His gross wages year to date, prior to his June 21 paycheck, were $38,556. He had $88 withheld from his pay for federal income taxes, and $16 for health insurance. Social Security and is 6.2% and Medicare tax is 1.45%; the federal unemployment tax rate is .6% and the state unemployment tax rate is 4.2%, both on a maximum of $7,000 per each employee’s annual earnings. What is the total employer payroll tax expense associated with Alfred’s June 21, 2016, paycheck?   

A. $201.69

 

B. $123.93

 

C. $81.00

 

D. $0

 

 

 

51.ABC Consulting had two employees with the following earnings information:  Use the table above and calculate the employer payroll income taxes associated with Poppy’s December 15 paycheck given the following tax rates: Social Security tax of 6.2% is levied on the first $113,700 of annual wages and the Medicare tax rate is 1.45% on all earnings. State unemployment tax of 5.4% and federal unemployment tax of .6% are both levied on only the first $7,000 of each employee’s annual earnings.   

A. $622.65

 

B. $68.25

 

C. $56.25

 

D. $23.45

 

 

 

52.ABC Consulting had two employees with the following earnings information:  Use the table above and calculate the employer payroll income taxes associated with Henry’s December 15 paycheck given the following tax rates: Social Security tax of 6.2% is levied on the first $113,700 of annual wages and the Medicare tax rate is 1.45% on all earnings. State unemployment tax of 5.4% and federal unemployment tax of .6% are both levied on only the first $7,000 of each employee’s annual earnings.   

A. $194.40

 

B. $306.00

 

C. $546.00

 

D. $842.00