1 All of the following taxes are withheld from an employee's pay except A Federal income...

 
 
 

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1 All of the following taxes are withheld from an employee's pay except A Federal income tax. B SUTA tax. C Medicare tax. D Social security tax. 2 Which of the following statements is not correct? A The amount of social security tax withheld depends on an employee's gross earnings, martial status, and number of withholding allowances. B Federal law requires that social security, Medicare, and federal income taxes be deducted from the gross pay of most employees. C Medicare taxes are levied in an equal amount on both employers and employees. D Once an employee's year-to-date wages reach a certain amount prescribed by law, social security tax is no longer withheld. 3 The employer records the amount of federal income tax withheld from employees as A Income Tax Expense. B Employee Income Tax Payable. C Payroll Tax Expense. D Social Security Tax Payable. 4 An employee whose regular hourly rate is $9 and whose overtime rate is 1.5 times the regular rate worked 44 hours one week. The employee's gross pay was A $378 B $396 C $414 D $594 5 Lacy Crawford has a regular hourly rate of $21.50. In a week when she worked 40 hours and had deductions of $110 for federal income tax, $53.50 for social security tax, and $12.50 for Medicare tax, her net pay was A $860 B $684 C $750 D $794 6 Grammy's Bakery had the following information for the pay period ending June 30: Employee Pay Name rate P. Ganster T. Baker B $550 $3,000 10.00/hr C $3,000 D $3,550 Hours worked Salaried 50 Cumulative earnings Department $12,000 Kitchen 6,500 Office Federal income tax withheld Given the above information, what amount would be debited to Kitchen Salaries Expense for the pay period ending June 30? A $12,000 $86.00 22.00 1 All of the following taxes are withheld from an employee's pay except A Federal income tax. B SUTA tax. C Medicare tax. D Social security tax. 2 Which of the following statements is not correct? A The amount of social security tax withheld depends on an employee's gross earnings, martial status, and number of withholding allowances. B Federal law requires that social security, Medicare, and federal income taxes be deducted from the gross pay of most employees. C Medicare taxes are levied in an equal amount on both employers and employees. D Once an employee's year-to-date wages reach a certain amount prescribed by law, social security tax is no longer withheld. 3 The employer records the amount of federal income tax withheld from employees as A Income Tax Expense. B Employee Income Tax Payable. C Payroll Tax Expense. D Social Security Tax Payable. 4 An employee whose regular hourly rate is $9 and whose overtime rate is 1.5 times the regular rate worked 44 hours one week. The employee's gross pay was A $378 B $396 C $414 D $594 5 Lacy Crawford has a regular hourly rate of $21.50. In a week when she worked 40 hours and had deductions of $110 for federal income tax, $53.50 for social security tax, and $12.50 for Medicare tax, her net pay was A $860 B $684 C $750 D $794 6 Grammy's Bakery had the following information for the pay period ending June 30: Employee Pay Name rate P. Ganster T. Baker B $550 $3,000 10.00/hr C $3,000 D $3,550 Hours worked Salaried 50 Cumulative earnings Department $12,000 Kitchen 6,500 Office Federal income tax withheld Given the above information, what amount would be debited to Kitchen Salaries Expense for the pay period ending June 30? A $12,000 $86.00 22.00

Answer rating: 100% (QA)

1 Option B is the correct answer because remaining all federal income tax Medicare tax 145 and socia... View the full answer