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Payroll Accounting 2016 26th Edition By Bieg – Test Bank
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Future Of Business Canadian 5th Edition By Althouse – Test Bank $35.00 Original price was: $35.00.$20.00Current price is: $20.00.

Payroll Accounting 2016 26th Edition By Bieg – Test Bank

$40.00 Original price was: $40.00.$20.00Current price is: $20.00.

This is not a Textbook. Please check the free sample before buying.

Edition: 26th Edition

Format: Downloadable ZIP Fille

Resource Type: Test bank

Duration: Unlimited downloads

Delivery: Instant Download

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SKU: 384631 Category: Accounting
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Payroll Accounting 2016 26th Edition By Bieg – Test Bank

1. An employee’s marital status and number of withholding allowances never appear on the payroll register.
a. True
b. False
ANSWER: False
POINTS: 1

2. Companies usually provide a separate column in the payroll register to record the employer’s payroll taxes.
a. True
b. False
ANSWER: False
POINTS: 1

3. An employer will use the payroll register to keep track of an employee’s accumulated wages.
a. True
b. False
ANSWER: False
POINTS: 1

4. In order to prepare Forms W-2, an employer would utilize the employee’s earnings record.
a. True
b. False
ANSWER: True
POINTS: 1

5. Once the journal entry for the payroll is complete, the information is posted to the appropriate general ledger accounts.
a. True
b. False
ANSWER: True
POINTS: 1

6. Deductions from gross pay in the payroll register are reflected on the credit side of the journal entry to record the payroll.
a. True
b. False
ANSWER: True
POINTS: 1

7. If wages are paid weekly, postings to the employee’s earnings record would be done once a month.
a. True
b. False
ANSWER: False
POINTS: 1

8. Each payday, the total of net pays that the employer incurs is the wage expense that must be debited.
a. True
b. False
ANSWER: False
POINTS: 1

9. Tax withholdings from employees’ pays reduce the amount of the debit to Salary Expense in the payroll entry.
a. True
b. False
ANSWER: False
POINTS: 1

10. The wage and salaries expense account is an operating expense account debited for total net pay each payroll period.
a. True
b. False
ANSWER: False
POINTS: 1

 

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