Accounting 2nd 9-Weeks Part 1: Question Preview (ID: 7893)

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The payment of payroll increases the __________ of a business.
a) value b) assets c) expenses d) revenue
The amount of money actually received by the employee after all deductions are subtracted is called the _________.
a) gross earnings b) gross pay c) net pay d) year-to-date earnings
Voluntary deductions include
a) state income tax b) federal income tax c) health insurance premiums d) FICA
An employee paid 1 1/2 time the regular wage is paid at the
a) regular rate b) holiday rate c) weekend rate d) overtime rate
The overtime rate is generally paid for all hours worked per week over _________.
a) 40 hours b) 35 hours c) 20 hours d) 50 hours
The total amount earned by the employee in a pay period
a) net pay b) gross earnings c) year-to-date earnings d) overtime earanings
The form that employees complete to declare the number of exemptions claimed is
a) W-2 b) W-4 c) W-9 d) 1099
Fixed amount of money paid to an employee each pay period
a) overtime b) wage c) commission d) salary
Amount subtracted from gross earnings
a) commission b) overtime c) deductions d) net pay
The amount of money paid to employees at a specific rate per hour
a) Wage b) Salary c) Commission d) Overtime
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