acc150 ch2 quiz2

Ennis Locatelli is a new payroll accountant at Avata Electronics. In his review of previous manual payroll records, he noted several errors that required the issuance of additional checks to employees for unpaid payroll amounts. What are Ennis’s options to avoid similar problems in the future?

Working on some payroll questions.  Please see attachment.

Swenson Company has the following payroll procedures.Identify the payroll function to which each procedure pertains.     Payroll Procedures   Payroll Function (a)   Supervisor approves overtime work.    Hiring EmployeesPaying the PayrollPreparing the PayrollTimekeeping (b)   The human resources department prepares hiring authorization forms for new hires.    Hiring EmployeesPaying the PayrollPreparing the PayrollTimekeeping (c)   A second payroll department employee verifies payroll calculations.    Hiring EmployeesPaying the PayrollPreparing the PayrollTimekeeping (d)   The treasurer’s department pays employees.    Hiring EmployeesPaying the PayrollPreparing the PayrollTimekeeping

Which of the following is true about employee pay methods? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) O Employees must request the transfer of payroll earnings to their paycard each period. Employees must be able to access the full amount of their net pay on the pay date. O Employees do not need to own a bank account to receive their pay via direct deposit. O Employers must keep a record of all pay disbursements.

Please write TRUE if the statement is True. And if FALSE, WRITE THE CORRECT STATEMENT.

Payroll: Risks and Controls Below are some of the processes that are typically executed before, during, and after a payroll cycle: Employees record their hours worked. The supervisor reviews and approves each employee's time records with their signature. An officer from the Human Resources department updates employee files after receiving authorized records of overtime and leaves (vacations, illness, etc.) from the supervisor. Afterward, approved records are sent to the payroll officer in the accounting department. The payroll officer calculates the gross payment, applies deductions, and calculates the net payment. Subsequently, the final payroll is sent for the controller's approval. Payments are issued to employees using their preferred delivery method (check or direct deposit). Entries are generated for the corresponding payroll transactions. Withholdings for payroll taxes, Social Security, and Medicare are respectively remitted to the Department of Treasury and the Internal…

The amount of time over which an employee is paid is known as ___________.         payroll         pay period         payroll register         payroll clerk

Which one is the correct answer?

To identify all those employees receiving payroll cheques but who have no matching record in a payroll master file, you should use a: a. Auditor b. Find unmatched records query c. Update query d. Cross-tabs query

Which of the following type of information is not provided on a payroll register? a.regular rate of pay. b.marital status. c.record of time worked. d.vacation benefits.

This problem continues the computing and recording employee payroll for the Olney Company for the pay period ending January 8th, 20--. Tasks previously performed include determining gross earnings, FICA withholding, federal, state and city taxes. These computations are shown in the Employee Payroll Register. Requirements: Compute and record the employee's SUTA contributions. Compute and record the Olney Company's SUTA and FUTA contributions. Payroll Register The State Unemployment Tax Act, better known as SUTA, is a form of payroll tax that all states require employers to pay for their employees. SUTA is a counterpart to FUTA, the federal unemployment insurance program. Your tasks now are to compute FUTA and SUTA. Complete the following step: Compute and record the employee's SUTA contributions (employees pay 0.06% on total gross pay). Note: Round your final answers to nearest cent. ONLEY COMPANY, INC.Employee Payroll Register For Period Ending January 8, 20--   EARNINGS…

Employers are required to keep records of all of the following except:  Select one: Personal data on the employee Wage payments Personal spending Taxes withheld

If a CPP amount is missing from a payroll journal entry, it is most likely that - Ono linked account is entered for CPP Payable the employee's date of birth was entered incorrectly CPP is not required in the province of employment all of the above are possible explanations for the missing amount

Which of the following is NOT included in the payroll register?  Select one: Assignment of the employee  Total hours Overtime earnings Taxable earnings

· Prepare and use a payroll register including Social Security and Medicare withholdings. Use =IF and =ROUND to design the Social Security tax and union dues formulas. Record journal entries for payroll, employer's tax liability, and payment of payroll taxes. Identify behavior patterns among payroll taxes over time. Alter the worksheet to include an additional employee. Create a chart showing the percentage of an employee's gross pay that is withheld for taxes and other such deductions, and how much is left over as net pay. PROBLEM DATA Reno Graphics has five employees, and they are paid at the end of each month. Payroll data for November are as follows: Employee Jones Miller Smith Williams Zlotorzynski Gross Pay for November $9,000 1,530 1,210 12,000 4,200 Federal Income Tax Withheld $1,948 137 89 Cumulative Gross Pay at October 31 $? 15,570 6,550 2,788 661 Other information (using 2011 rates) is as follows: a. Social security taxes are 4.2% of monthly gross pay up to a cumulative…

Prepare a payroll check using the information from the payroll register for Bill Brown for the pay period ending on August 31. Fill out the check stub using information from the payroll register. Prepare the check. Sign your name.   Use name Yaira Hundley. Completed payroll register is attached.

Completing the Payroll Register The Employee Payroll Register presents all the computations previously performed as it applies to this payroll period. Complete the following steps (if a field should be blank, leave it blank): Record the amount to be withheld for group insurance. Record the amount to be withheld for health insurance. Each worker is to be paid by check. Assign check numbers provided to the correct employee. Compute the net pay for each employee. Total the input columns.   KIPLEY COMPANY, INC.Payroll RegisterFor Period Ending January 8, 20--   EARNINGS DEDUCTIONS NET PAY Name Gross OASDI HI FIT SIT SUTA CIT SIMPLE Grp. Ins. Health Ins. Ck. No. Amount Carson, F. $700.00 $43.40 $10.15 $48.00 $21.49 $0.42 $21.00 $20.00         Wilson, W. 897.04 55.62 13.01 68.00 27.54 0.54 26.91 50.00         Utley, H. 678.75 42.08 9.84 14.00 20.84 0.41 20.36 40.00         Fife, L. 877.10 54.38 12.72 33.00 26.93 0.53 26.31 50.00         Smith, L. 790.00 48.98 11.46 59.00…

Performs an analysis of the rules and laws that regulate mandatory discounts and payments that payroll employers must make.

Could you help me fill in all the blank spaces in this Excel table?Please tell me the formula so I can do it with an Excel formula.Thank you very much . In the appropriate columns of your payroll register, record the filing status for eachemployee using the information provided.2. Record the payroll deductions for the SIMPLE plan that the employer has established forparticipating employees. All of the employees are participating, and their weeklycontributions are listed below. The tax deferral on these deductions applies only to thefederal income tax.3. Record the amount of federal income taxes using the wage-bracket method and standardwithholding.4. Record the state income taxes on the gross weekly earnings for each employee. The rateis 3.07% for the state of Pennsylvania.5. Record the city income taxes on the gross weekly earnings of each employee. The rate is3% for the city of Pittsburgh residents.Time CardNo.FilingStatusNo. of WithholdingAllowancesSIMPLEDeductions11 S N/A $2012 S…

PAYROLLThe following describes the payroll procedures for a hypothetical company.Every Thursday, the timekeeping clerk sends employee time cards to the payrolldepartment for processing. Based on the hours worked reflected on the time cards, theemployee pay rate and withholding information in the employee file, and the tax ratereference file, the payroll clerk calculates gross pay, withholdings, and net pay for eachemployee. The clerk then manually pre-pares paychecks for each employee, files hardcopies of the paychecks in the payroll department, and posts the earnings to the hardcopy employee records. Finally, the clerk manually prepares a payroll summary andsends it and the paychecks to the cash disbursements department. The cashdisbursements clerk reconciles the payroll summary with the paychecks and manuallyrecords the transaction in the hard-copy cash disbursements journal. The clerk then filesthe payroll summary and sends the paychecks to the treasurer for signing.The signed…

The following describes the payroll procedures for a hypothetical company.Every Thursday, the timekeeping clerk sends employee time cards to the payroll department for processing. Based on the hours worked reflected on the time cards, the employee pay rate and withholding information in the employee file, and the tax rate reference file, the payroll clerk calculates gross pay, withholdings, and net pay for each employee. The clerk then manually prepares paychecks for each employee, files hard copies of the paychecks in the payroll department, and posts the earnings to the hard-copy employee records. Finally, the clerk manually prepares a payroll summary and sends it and the paychecks to the cash disbursements department. The cash disbursements clerk reconciles the payroll summary with the paychecks and manually records the transaction in the hard-copy cash disbursements journal. The clerk then files the payroll summary and sends the paychecks to the treasurer for signing. The signed…

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When setting up an employee in payroll, where can you enter the information that the employee will be receiving payments by cheque? Select one: In the pay schedule window In the employee withholdings window In the payment options window In the pay types window

The deparment that should pay the payroll is the: a. payroll deparment b. human resources deparment  c. trasures's department d. timekeeping department

Before hiring someone for a position involving access to cash, checks or inventory, a company should check the applicant’s: past employment references criminal convictions all of the above