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).
3. State and federal _______________ taxes are not withheld from employees' wages.
UNEMPLOYMENT MEMEUTYNNOLP4. The ________ unemployment tax is often a net rate of 0.6% of each employee's first $7,000 of annual wages.
FEDERAL LAFEEDR5. An employee's hourly pay rate multiplied by the hours worked equals the employee's _______ wages.
GROSS GORSS6. A person who performs a service for a company but is not the company's employee is referred to as an _________________ contractor.
INDEPENDENT EITPNDENEDN7. Amounts withheld from an employees' wages are reported as current ___________ until they are remitted.
LIABILITIES EITIASLILBI8. Generally, employers with hourly paid employees will have to prepare an ____________ entry to accrue wages.
ADJUSTING DJANSUTIG9. To achieve the matching principle, fringe benefits are best expensed in the period in which the employee has _________ them.
EARNED RDEENA10. The accrual of wages and fringe benefits will credit a ___________ account.
LIABILITY ILLBTIAIYFeatured Review
"I want to share that I've embraced your education in between jobs and in between states. I signed up to further what I already have learned and it has been a wonderful review of what I already knew along with learning so much more I did not know. I find myself far more confident in taking control of making the accounting office 'right', in accordance with the GAAP. The tools provided are creative and intelligent, and they help make learning a fun thing. I'm really grateful I found PRO Plus and would highly recommend it to anyone and everyone! You can't get much better than how it's structured. Thank you again for being there. You are a treasure chest filled with gold and have made a huge difference in many lives." - Michele O.
Join PRO or PRO Plus and Get Lifetime Access to Our Premium Materials
Read all 2,645 reviewsWe now offer 10 Certificates of Achievement for Introductory Accounting and Bookkeeping: