Question : Matching Questions 82. Match the accounting terms with the description by entering : 1197547

Matching Questions 

82. Match the accounting terms with the description by entering the proper number. 

1. A form used to claim exemption (withholding) allowances 

     Social Security (FICA) Tax 

  ____ 

2. A simple method to determine the amount of federal income tax to be withheld using a table provided by the government 

     Commission basis 

  ____ 

3. A method of paying employees according to a stated rate per hour 

     Salary basis 

  ____ 

4. A record of payroll information for each employee for the pay period 

     Individual earnings record 

  ____ 

5. Earnings in excess of the base amount set by the Social Security Act 

     Social Security Act 

  ____ 

6. Another name for individual earnings record 

     Tax-exempt wages 

  ____ 

7. A method of paying employees according to a percentage of net sales 

     Hourly rate basis 

  ____ 

8. A method of paying employees according to the number of units produced 

     Exempt employees 

  ____ 

9. A tax imposed by the Federal Insurance Contributions Act and collected on employee earnings to provide retirement and disability benefits 

     Compensation record 

  ____ 

10. A method of paying employees according to an agreed-upon amount for each week or month 

     Workers’ compensation insurance 

  ____ 

11. An employee record that contains information needed to compute earnings and complete tax reports 

     Time and a half 

  ____ 

12. Salaried employees who hold supervisory or managerial positions who are not subject to the maximum hour and overtime pay provisions of the Wage and Hour Law 

     Employee 

  ____ 

13. Taxes levied by a state government against employers to benefit unemployed workers 

     Medicare tax 

  ____ 

14. A federal act providing certain benefits for employees and their families; officially the Federal Insurance Contributions Act 

     Payroll register 

  ____ 

15. Taxes levied by the federal government against employers to benefit unemployed workers 

     Employee’s withholding Allowance certificate (Form W-4) 

  ____ 

16. A tax levied on employees and employers to provide medical care for the employee and the employee’s spouse after each has reached age 65 

     Independent contractor 

  ____ 

17. A person who is hired by and works under the control and direction of the employer 

     State unemployment taxes 

  ____ 

18. One who is paid by a company to carry out a specific task or job but is not under the direct supervision or control of the company 

     Piece-rate basis 

  ____ 

19. Rate of pay for an employee’s work in excess of 40 hours a week 

     Federal unemployment taxes 

  ____ 

20. Insurance that protects employees against losses from job-related injuries or illnesses, or compensates their families if death occurs in the course of the employment 

     Wage-bracket table method 

  ____