Course Outline
Join PRO

Payroll Accounting(Word Scramble)

Author:
Harold Averkamp, CPA, MBA

To see each answer, press or click on the blue "Unscramble" button. If you have difficulty answering the following questions, learn more about this topic by reading our Payroll Accounting (Explanation).

1. FICA consists of taxes for Social Security and ___________.

MEDICARE MEIRADCE
MEDICARE ARMEDECI

2. FICA taxes are paid by both the employee and the _________________.

EMPLOYER PEEMLYOR
EMPLOYER OPEEMLRY

3. State and federal _______________ taxes are not withheld from employees' wages.

UNEMPLOYMENT MTEOMPEULNNY
UNEMPLOYMENT TEEUMYMNNLPO

4. The ________ unemployment tax is often a net rate of 0.6% of each employee's first $7,000 of annual wages.

FEDERAL EFDELAR
FEDERAL RLEAFED

5. An employee's hourly pay rate multiplied by the hours worked equals the employee's _______ wages.

GROSS OGSRS
GROSS SOSGR

6. A person who performs a service for a company but is not the company's employee is referred to as an _________________ contractor.

INDEPENDENT NNENTEDPIDE
INDEPENDENT ENPENDTNDEI

7. Amounts withheld from an employees' wages are reported as current ___________ until they are remitted.

LIABILITIES AIESIILILTB
LIABILITIES ISBLIEIATLI

8. Generally, employers with hourly paid employees will have to prepare an ____________ entry to accrue wages.

ADJUSTING NJUIDSTGA
ADJUSTING TDISAUNJG

9. To achieve the matching principle, fringe benefits are best expensed in the period in which the employee has _________ them.

EARNED AENDER
EARNED EAERDN

10. The accrual of wages and fringe benefits will credit a ___________ account.

LIABILITY IYLAILBTI
LIABILITY IBYILTLIA
Must-Watch Video

Learn How to Advance Your Accounting and Bookkeeping Career

  • Perform better at your current job
  • Refresh your skills to re-enter the workforce
  • Pass your accounting class
  • Understand your small business finances
Watch the Video

Join PRO or PRO Plus and Get Lifetime Access to Our Premium Materials

Read all 2,645 reviews

Features

PRO

PRO Plus

Features
Lifetime Access (One-Time Fee)
Explanations
Quizzes
Q&A
Word Scrambles
Crosswords
Bookkeeping Video Training
Financial Statements Video Training
Flashcards
Visual Tutorials
Quick Tests
Quick Tests with Coaching
Cheat Sheets
Business Forms
All PDF Files
Progress Tracking
Earn Badges and Points
Certificate - Debits and Credits
Certificate - Adjusting Entries
Certificate - Financial Statements
Certificate - Balance Sheet
Certificate - Income Statement
Certificate - Cash Flow Statement
Certificate - Working Capital
Certificate - Financial Ratios
Certificate - Bank Reconciliation
Certificate - Payroll Accounting

About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

Learn More About Harold

Certificates of
Achievement

Certificates of Achievement

We now offer 10 Certificates of Achievement for Introductory Accounting and Bookkeeping:

  • Debits and Credits
  • Adjusting Entries
  • Financial Statements
  • Balance Sheet
  • Income Statement
  • Cash Flow Statement
  • Working Capital and Liquidity
  • Financial Ratios
  • Bank Reconciliation
  • Payroll Accounting
Badges and Points
  • Work towards and earn 30 badges
  • Earn points as you work towards completing our course
View PRO Plus Features
Course Outline
Take the Tour Join Pro Upgrade to Pro Plus