| A | B |
|---|
| The form that accompanies an employer's payment of social security, Medicare, and employees' federal income taxes is a(n) ____. | federal tax deposit coupon |
| The expense account used to record employees' earnings is often called ____. | salaries expense |
| Taxes paid by the employer to provide funds for workers who are temporarily out of work are ____ . | unemployment tax |
| The ____ account is used to record the total of the employer's payroll taxes. | payroll tax expense |
| Each year, an employer must prepare and send to the IRS a(n) ____ , which summarizes the information contained on the employees' Wage and Tax Statements. | form W-3 |
| The ____ requires larger businesses to deposit income tax payments by electronic funds transfer. | electronic federal tax payment system |
| By January 31, employers must provide each employee with a ____ , which summarizes the employee's earnings and taxes withheld. | form W-2 |
| A(n) _______ is paid to the employee as a percentage of the employee’s sales. | commission |
| The amount of time for which an employee is paid is called the _______ . | pay period |
| The _______ is an individual payroll record kept for each employee. | employee's earnings record |
| The amount of money actually received by the employee after all deductions are subtracted is called the _______ . | net pay |
| The amount deducted from gross earnings for federal income tax each pay period depends on the total earnings, marital status, and the number of _______ an employee claims on Form W-4. | exemptions |
| The individual who prepares the payroll is called the _______ . | payroll clerk |
| If an employee has _______ , the employer placed the employee’s net pay into their personal bank account. | direct deposit |
| An amount of money paid to employees at a specific rate per hour is a(n) _______ . | wage |
| A(n) _______ is a form summarizing information about employees’ earnings for each pay period. | payroll register |
| Most companies use a(n) _______ to keep track of an hourly wage employee’s hours. | time card |
| A(n) _______ is a device used to scan certain information encoded on a magnetic strip on an employee’s time card or identification badge. | electronic badge readers |
| An employee paid 1 1⁄2 times the regular wage is paid at a(n) ______ . | overtime rate |
| The _______ is the total amount earned by the employee in the pay period. | gross earnings |
| _______ are the year-to-date gross earnings of an employee. | accumulated earnings |
| A(n) _______ is a fixed amount of money paid to an employee each pay period. | salary |
| A(n) _______ is an amount subtracted from gross earnings. | deduction |
| A list of employees in a business and the earnings due to each employee for a specific period of time is a(n) _______ . | payroll |
