THIS
IS
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Host...
Definitions
Chapter 3
Journal
Entries
Payroll
Taxes
True Or
False
Calculations
Misc
Questions
100
100
100
100
100
100
200
200
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200
200
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300
300
300
300
300
300
400
400
400
400
400
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500
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500
Question Number 1
What are taxes made on the
payroll of a business?
A 100
Correct Response
Payroll Taxes
A 100
Question Number Two
What is a business form used
to record payroll information?
A 200
Correct Response Two
Payroll Register
A 200
Question Number Three
What is a deduction from
total earnings for each person
legally supported by a
taxpayer?
A 300
Correct Response Three
Withholding allowance
A 300
Question Number Four
The maximum amount of
earnings on which a tax is
calculated is
A 400
Correct Response Four
Tax base
A 400
Question Number Five
Transferring payroll accounts
electronically from the
employer’s account directly
to the employee’s bank
account is called…?
A 500
Correct Response Five
Electronic Funds Transfer
A 500
Question Number One
For the journal entry for the
payment of payroll, what
account is your debit?
B 100
Correct Response One
Salary Expense
B 100
Question Number Two
Both employers and
employees are required to pay
a federal unemployment tax.
True or False?
B 200
Correct Response Two
False
B 200
Question Number Three
For the journal entry to record
Payroll Taxes, what account
is your debit?
B 300
Correct Response Three
Payroll Taxes Expense
B 300
Question Number Four
How does an accountant get
the amount for the Cash
Credit in the Salary Expense
transaction?
B 400
Correct Response Four
From the Net Pay in the
Payroll Register or getting
Debits and Credits to equal
B 400
Question Number Five
What accounts are the credits
in the Payroll Taxes Expense
journal entry?
B 500
Correct Response Five
Social Security Tax Payable
Medicare Tax Payable
Unemployment Tax PayableFederal
Unemployment Tax PayableState
B 500
Question Number One
Depositing payroll directly to
an employee’s checking or
savings account in a specific
bank
C 100
Correct Response One
Automatic Check Deposit
C 100
Question Number Two
In a payroll register, how is
the net pay is calculated?
C 200
Correct Response Two
Total Earnings less total
deductions
C 200
Question Number Three
Unemployment taxes are paid
by the employer and are due
to who?
C 300
Correct Response Three
Federal and State
Government
C 300
DAILY
Place A Wager
DOUBLE
C 400
Question Number Four
The two journal entries to
record payroll data are
entered in a which journals?
C 400
Correct Response Four
General journal and cash
payments journal
C 400
Question Number Five
What taxes are used to pay
cash benefits to qualified
workers for limited periods of
unemployment?
C 500
Correct Response Five
Unemployment Taxes
C 500
Question Number One
The payment of payroll is
journalized in the cash
payments.
D 100
Correct Response One
True
D 100
Question Number Two
Federal Unemployment tax is
deducted from employees’
pay.
D 200
Correct Response Two
False
D 200
Question Number Three
When a special payroll
account is used, the balance
after all payroll checks have
been cashed is the amount of
payroll taxes due.
D 300
Correct Response Three
False
D 300
Question Number Four
Typically, overtime pay is
paid for hours worked over 8
hours per day.
D 400
Correct Response Four
True
D 400
Question Number Five
All employers are required to
pay their employees
bi-weekly.
D 500
Correct Response Five
False
D 500
Question Number One
Maria had total sales for the month
of $1000. Sales Discounts were $25
and Sales Returns were $30. She
earns a 1% commission. What is her
commission?
E 100
Correct Response One
$9.45
E 100
Question Number Two
Joe’s total earnings were
$965. He had $345 in
deductions. What is his net
pay?
E 200
Correct Response Two
$620
E 200
Question Number Three
Maria’s total earnings for the
quarter were $23,000. She
earned $1231 and was paid
$946 for the last pay period?
What are her accumulated
earnings now?
E 300
Correct Response Three
$24,231
E 300
Question Number Four
Joe worked 86 hours for the
last pay period. He earns
$9.50 an hour. What are his
earnings for the pay period?
E 400
Correct Response Four
$765.50
E 400
Question Number Five
Current period earnings are $830.00.
Deductions for the pay period are
$145.24. The previous period’s
accumulated earnings are $5422.68.
What are the new accumulated
earnings?
E 500
Correct Response Five
$6252.68
E 500
Question Number One
How is overtime calculated?
F 100
Correct Answer One
It is typically 1-1/2 times the
normal hourly rate
F 100
Question Number 2
What is a business form used
to record details affecting
payments made to an
employee?
F 200
Correct Answer Number 2
Employee Earnings Record
F 200
Question Number 3
Which accounting concept
states transactions must be
recorded the same way from
one fiscal period to another?
F 300
Correct Answer Number 4
Consistent Reporting
F 300
Question Number 4
Which Accounting Concept
states there must be a source
document for every
transaction?
F 400
Correct answer number 4
Objective Evidence
F 400
Question Number 5
Who has more money taken out of
their paycheck for federal taxes?
Person A who has 1 withholding
allowance
Person B who has 5 withholding
allowance
F 500
Correct Answer Number 5
Person A
F 500
The Final Jeopardy Category is:
Please record your wager.
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Final Jeopardy Question
What are the deductions we have
learned that can be deducted from
EMPLOYEE’s paychecks
You must list at least 6
possibilities
Click on screen to continue
Correct Final Jeopardy Response
Federal Income Tax
State Income Tax
Social Security
Medicare
Health Insurance Premiums
Dental Insurance Premiums
Life Insurance Premiums
United Way Donations
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Thank You for Playing Jeopardy!