Payroll Accounting 2018 28th Edition By Bernard J Bieg Judith A Toland -Test Bank

1. In the garnishment process, federal tax levies take secondary priority to wages withheld for child support orders.
a. True
b. False
ANSWER: True
POINTS: 2
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
PREFACE NAME: New Preface
LEARNING OBJECTIVES: PAYR.BIEG.14.1 – LO: 1
ACCREDITING STANDARDS: AICPA: v1-11 – FN-Reporting
Blooms Taxonomy-5 – Remembering
Business Program-3 – Analytic
Time Estimate-a – 5 min.
DATE CREATED: 6/6/2017 10:48 AM
DATE MODIFIED: 6/6/2017 10:48 AM
2. The information needed in preparing a journal entry to record the wages earned, deductions from wages, and net
amount paid each payday is obtained from the payroll register.
a. True
b. False
ANSWER: True
POINTS: 2
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: PAYR.BIEG.14.2 – LO: 1
ACCREDITING STANDARDS: AICPA: v1-11 – FN-Reporting
Blooms Taxonomy-5 – Remembering
Business Program-3 – Analytic
Time Estimate-a – 5 min.
DATE CREATED: 6/6/2017 10:48 AM
DATE MODIFIED: 6/6/2017 10:48 AM
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3. In all computerized payroll systems, there is still the need to manually post from the printed payroll journal entry to the
general ledger.
a. True
b. False
ANSWER: False
POINTS: 2
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: PAYR.BIEG.14.3 – LO: 1
ACCREDITING STANDARDS: AICPA: v1-11 – FN-Reporting
Blooms Taxonomy-5 – Remembering
Business Program-3 – Analytic
Time Estimate-a – 5 min.
DATE CREATED: 6/6/2017 10:48 AM
DATE MODIFIED: 6/6/2017 10:48 AM
4. The payroll register is used by employers in completing Forms W-2.
a. True
b. False
ANSWER: False
POINTS: 2
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: PAYR.BIEG.14.4 – LO: 1
ACCREDITING STANDARDS: AICPA: v1-11 – FN-Reporting
Blooms Taxonomy-5 – Remembering
Business Program-3 – Analytic
Time Estimate-a – 5 min.
DATE CREATED: 6/6/2017 10:48 AM
DATE MODIFIED: 6/6/2017 10:48 AM

5. The employer keeps track of each employee’s accumulated wages in the employee’s earnings record.
a. True
b. False
ANSWER: True
POINTS: 2
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: PAYR.BIEG.14.5 – LO: 1
ACCREDITING STANDARDS: AICPA: v1-11 – FN-Reporting
Blooms Taxonomy-5 – Remembering
Business Program-3 – Analytic
Time Estimate-a – 5 min.
DATE CREATED: 6/6/2017 10:48 AM
DATE MODIFIED: 6/6/2017 10:48 AM
6. In calculating overtime premium earnings at one and a half times the regular hourly rate, the overtime hours are
multiplied by one-half the hourly rate of pay.
a. True
b. False
ANSWER: True
POINTS: 2
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: PAYR.BIEG.14.6 – LO: 1
ACCREDITING STANDARDS: AICPA: v1-11 – FN-Reporting
Blooms Taxonomy-5 – Remembering
Business Program-3 – Analytic
Time Estimate-a – 5 min.
DATE CREATED: 6/6/2017 10:48 AM
DATE MODIFIED: 6/6/2017 10:48 AM

7. When recording the employer’s payroll taxes, a liability account entitled Employers Payroll Taxes Payable is credited
for the total taxes owed (FICA, FUTA, and SUTA).
a. True
b. False
ANSWER: False
POINTS: 2
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: PAYR.BIEG.14.7 – LO: 1
ACCREDITING STANDARDS: AICPA: v1-11 – FN-Reporting
Blooms Taxonomy-5 – Remembering
Business Program-3 – Analytic
Time Estimate-a – 5 min.
DATE CREATED: 6/6/2017 10:48 AM
DATE MODIFIED: 6/6/2017 10:48 AM
8. The payment of the FUTA tax and the FICA taxes by the employer to the IRS is recorded in the same journal entry.
a. True
b. False
ANSWER: False
POINTS: 2
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: PAYR.BIEG.14.8 – LO: 2
ACCREDITING STANDARDS: AICPA: v1-11 – FN-Reporting
Blooms Taxonomy-5 – Remembering
Business Program-3 – Analytic
Time Estimate-a – 5 min.
DATE CREATED: 6/6/2017 10:48 AM
DATE MODIFIED: 6/6/2017 10:48 AM

9. In the case of a federal tax levy, the employee will notify the employer of the amount to take out of his or her
paycheck.
a. True
b. False
ANSWER: False
POINTS: 2
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: PAYR.BIEG.14.9 – LO: 2
ACCREDITING STANDARDS: AICPA: v1-11 – FN-Reporting
Blooms Taxonomy-5 – Remembering
Business Program-3 – Analytic
Time Estimate-a – 5 min.
DATE CREATED: 6/6/2017 10:48 AM
DATE MODIFIED: 6/6/2017 10:48 AM
10. FICA Taxes Payable—HI is a liability account in which is recorded the liability of the employer for the HI tax on the
employer as well as for the HI tax withheld from employees’ wages.
a. True
b. False
ANSWER: True
POINTS: 2
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: PAYR.BIEG.14.10 – LO: 2
ACCREDITING STANDARDS: AICPA: v1-11 – FN-Reporting
Blooms Taxonomy-5 – Remembering
Business Program-3 – Analytic
Time Estimate-a – 5 min.
DATE CREATED: 6/6/2017 10:48 AM
DATE MODIFIED: 6/6/2017 10:48 AM