Payroll Accounting 2018, 28th Edition by Bernard J. Bieg – Test Bank

Payroll Accounting 2018, 28th Edition by Bernard J. Bieg – Test Bank

Chapter 06

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
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
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 10:47 AM
DATE MODIFIED: 6 /6/2017 10:47 AM
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
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 10:47 AM
DATE MODIFIED: 6 /6/2017 10:47 AM
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
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 10:47 AM
DATE MODIFIED: 6 /6/2017 10:47 AM
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
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 10:47 AM
DATE MODIFIED: 6 /6/2017 10:47 AM
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
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 10:47 AM
DATE MODIFIED: 6 /6/2017 10:47 AM
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
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 10:47 AM
DATE MODIFIED: 6 /6/2017 10:47 AM