Payroll Accounting

1 . The taxes imposed below the Social Security skim off consist of ______a . two taxes on employersb . two taxes on employeesc . OASDI and HI taxesd . in all the above2 . FICA defines all of the following as employees tho ______a . nighttime presidentsb . partnersc . superintendentsd . payroll managers3 . FICA defines all of the following as wages pull out ______a . year-end bonusesb . standby paymentsc . capital tips of 15 received by a tipped employee in Mayd . the first six months of gentle pay4 . The OASDI taxable wage base is correctly defined as ___________a . all amounts earned by an employee during a schedule yearb . the accomplishment amount of wages during a schedule year that is bag to the OASDI taxc . all amounts paid to an employee during a calendar yeard . all amounts twain earned by , or paid to , an employee during a calendar year5 . Which of the following deposit requirements pertains to a monthly depositor who has accumulated meshing taxes of 2 ,300 at the end of Octobera . No deposit is requisiteb . The un-deposited taxes should be carried over to the end of November .c . The taxes must be deposited on or in front November 15d . The taxes must be deposited on or before the abutting banking day6 . Self- handicraft earnings of ____________are not taxed under the Self-Employment Contributions Act (SECAa . little than 400b . more than 400 but slight than 500c . Both A and Bd . of the above7 . Which of the following deposit requirements pertains to a biweekly depositor who has accumulated role taxes of 17 ,500 on payday Saturday , May 15a . No deposit is required until May 17 , the next banking dayb . The un-deposited taxes should be carried over to the next payday on May 22c . The taxes must be deposited on or before Tuesday , May 18d .

The taxes must be deposited on or before Friday , May 218 . FICA excludes from coverage all of the following kinds of employment EXCEPT ______________a . domestic operate performed in a college sorority by a studentb . service performed by a 16-year-old child in the employ of the motherc . baby sitting service performed by a 35-year-old person who receives 40 in cash during the calendar quarterd . federal government secretaries hired in 19909 . Mr . Barr fails to solve a well-timed deposit of FICA taxes and withheld income taxes until five days later on the due project . The penalty facing Mr Barr is _______________a . 2 per centum of the un-deposited taxesb . 5 percent of the un-deposited taxesc . 10 percen t of the un-deposited taxesd . 25 percent of the un-deposited taxes10 . Ashe , an employer , has do well-timed deposits of FICA taxes and withheld income taxes during the third quarter . The last day of October is sunshine . The modish date on which Ashe may Form 941 is __________a . October 10b . October 31c . November 1...If you desire to get along a full essay, order it on our website: BestEssayCheap.com

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