An employer must always use a calendar year for payroll purposes. Agree or disagree and explain your answer.

Q: Issue:  Under the Federal Insurance Contributions Act (FICA) every person is an employer if the…

A: 1) a) Federal Insurance commitments act is a US law that orders charge demand on the pay rates Wages…

Q: Performs an analysis of the rules and laws that regulate mandatory discounts and payments that…

A: Payroll Rules: According to the FLSA, people who are subject to its provisions must maintain…

Q: Identify two different types of deductions that an employer is required to subtract from a

A: There are several deductions from paycheck but two are absolutely necessary other are optional.

Q: how is "gross earnings" of $1021.01 derived?

A: Piece rate earnings means wages on the basis of pieces produced.

Q: what are payroll deductions

A: Payroll deductions are the amounts which are mandatorily or voluntarily deducted by the employer…

Q: It is mandatory for both the employer and employee to pay​ ________.

A: Payroll accounting:   The process of payroll accounting includes the computation and payment of…

Q: Why is it important for payroll accounting purposes to distinguish between an employee and an…

A: Employees can be defined as one who works for an employer or company that controls his work and…

Q: Match each payroll item that follows to the one item (a–f) that best describes its characteristics.…

A: Payroll tax expenses: The costs incurred by an employer to pay the employee for his labor, including…

Q: Which of the following methods of payroll calculation offers minimum wage standards and overtime…

A: Hourly Rate of Pay:- This method helps in calculating the payroll amount of an employee on an hourly…

Q: Rent payments that are processed through a third-party net work after March 11, 2021, should be…

A: GIVEN   Rent payment that are proceed through a 3rd party network after March 11,2021 should be…

Q: For each of the following payroll-related taxes, indicate whether they generally apply to (a)…

A: Payroll Accounting: The process of payroll accounting includes the computation and payment of…

Q: When recording payroll tax expense, employers will generally include which of the following…

A: Gross pay of an employee is to be deducted for several taxes and then those taxes are the liability…

Q: Determine the employee's total income tax deduction for this pay period. Your answer:

A: Income tax is defined as the portion of the income paid to the government or the taxation authority…

Q: The employer is responsible for which of the following payroll taxes? a. 6.2% FICA—OASDI tax b.…

A: Payroll taxes: Payroll taxes are the taxes withheld by the employers from the wages/salary payable…

Q: What is included in the journal entry to record the employer amount of the payroll? Assume gross…

A: Solution- Payroll journal entries are used to record the compensation paid to employees. These…

Q: Should employee vacation pay be recorded in the period during which the vacation privilege is earned…

A: Vacation is the period provided to the employee by the company. And the associated privileges are…

Q: A. Find the employer's FICA deductions for each of the following employ B. Find the amounts of the…

A: This question is based on the real time interest rate for social security, Medicare and FUTA. Total…

Q: prepare the journal entry to record the employers payroll expenses for the week ended july 15 of the…

A: Workings: The nature of account is expense. so all expenses to be debited.

Q: I am working on the chapter 7 payroll project for cengage and I don't know how to do Holdiay pay for…

A: Payroll register: Payroll register can be defined as the hard copy or a register that records all…

Q: The Federal Insurance Contributions Acta.  requires employer FICA liabilities to be recorded upon…

A: The correct answer is Option (d).

Q: Which of the following is not an employer payroll tax?

A: Federal income tax is the liability of the employee to pay tax on the income and is deductible from…

Q: Which of the following type of information is not provided on a payroll register? a.regular rate of…

A: Payroll register: Payroll register is a form that is used by an employer to gather information on…

Q: Which payroll taxes are the employee’s responsibility and which are the employer’s responsibility?

A:

Q: Describe the types of application control used for the following data in a payroll system.a.…

A: Payroll system:

Q: Provide the journal entry for the period's payroll. If an amount box does not require an entry,…

A: Payroll:   The total payment that a company is required to pay to its employee for the services…

Q: Which of the following payroll related taxes are paid by the employer? Choose the best answer. Group…

A: Social Security Tax and Medicare Tax are taxes that are deducted from employee's salary. There are…

Q: The employer is responsible for which of the following payroll taxes? 6.2% FICA—OASDI tax 1.45%…

A: Payroll taxes: Payroll taxes are the taxes withheld by the employers from the wages/salary payable…

Q: A record of employment must be issued when an employee with a regular work schedule is expecled to…

A: In the Given case scenario,  This statement is false: A record of employment must be issued when an…

Q: When an employer does not have a sophisticated time-keeping system, it is valid to accrue a…

A: Payroll: A payroll is a total amount of money paid by employer to employees for time period the…

Q: Which of the following is a payroll liability?          Question 43 options:   a)  The net pay…

A: SOLUTION-   PAYROLL LIABILITIES  ARE ANY TYPE OF PAYMENT RELATED TO PAYROLL THAT A BUSINESS OWES BUT…

Q: 1. Who assigns the SUTA tax rate to an employer? Answer: A. The Internal Revenue Service…

A: SUTA Tax: Employers are obliged to pay a payroll tax known as SUTA. It is also referred to as "state…

Q: e any examples of payroll deductions and describe them?

A:

Q: Employees are subject to taxes withheld from their paychecks.  Please indicate the federal taxes…

A: Payroll tax: This is the tax which is withheld by an employer from the pay of the employee and…

Q: total deductions on payroll register

A: Deductions are subtracted from total earned pay.

Q: Required: Prepare a journal entry to record the employer's share of payroll deductions. (Round the…

A: To account for employer payroll deductions, respective liability accounts are credited with the…

Q: The employees are entitled to 10 days holiday leave per calendar year. Unused holiday leave may be…

A: The short term employee benefit is the compensation expense paid to an employee for providing…

Q: Which of the following is not deducted from an employee’s salary? a. FICA taxes.b. Unemployment…

A: Payroll tax The costs incurred by an employer to pay the employee for his labor, including other…

Q: What is the source of data used to:  a. Record the distribution of the payroll. b. Record the…

A: Payroll accounting is the recording of all payroll transactions in your books. It helps you to keep…

Q: To match revenues and expenses properly, should the expense for employee vacation pay be recorded in…

A:

Q: Concerning payroll accounting - Is Social Security & Medicare tax calculated on the entire…

A: The social security benefits would be received by anyone whether married or single. There is no…

Q: Identify all correct statements concerning payrolls andrelated payroll costs.a. Both employers and…

A: Payroll refers to the slip of payment to the employees. It also includes the calculation and…

Q: Payroll Accounting What information appears on the payroll register? What records are needed for an…

A: Payroll Accounting: Information that appears on the Payroll register: Payroll register is basically…

Q: Lauprechta Incorporated has the following employees on payroll. Assume that all the employees has…

A: According to the question, we need to compute the total taxes withheld.  According to the IRS, the…

Q: In the case where an employer is delinquent in paying contributions to the state for SUTA: a.…

A: The correct answer is Option (a).