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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 ECDRMAEI
MEDICARE AMEECRDI

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

EMPLOYER OELEMYRP
EMPLOYER EOEYRLMP

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

UNEMPLOYMENT TOUYPMLMNEEN
UNEMPLOYMENT EMENLPYUNTMO

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

FEDERAL DREFELA
FEDERAL ADEFELR

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

GROSS OGRSS
GROSS ORGSS

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

INDEPENDENT ENDNDETPEIN
INDEPENDENT EENNPETDNDI

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

LIABILITIES LIITLESIBIA
LIABILITIES ILIIEBLITAS

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

ADJUSTING DISUJNTAG
ADJUSTING DTIAGJSUN

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

EARNED RANDEE
EARNED RADEEN

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

LIABILITY LTIBAIYLI
LIABILITY ALITYIILB
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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

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  • Balance Sheet
  • Income Statement
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  • Working Capital and Liquidity
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  • Payroll Accounting
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