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Chapter 13 Accounting 1: Last update: 3/15/15 Click to start game.

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Presentation on theme: "Chapter 13 Accounting 1: Last update: 3/15/15 Click to start game."— Presentation transcript:

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2 Chapter 13 Accounting 1: Last update: 3/15/15 Click to start game

3 Directions 1. Read each question. 2. Click on the correct answer. 3. If you are correct, you will automatically be taken to the next question. 4. If you are incorrect, you will be returned to the beginning of the game. 5. To end your game, click on the red button in the bottom right corner. 6. Click here to begin the game.here Skip Directions

4 $1,000 Question The Coupon Deposit form that is sent with the employer’s check to show the amount of taxes being sent to the federal government. Form 8109 Form 941 Form W-3

5 You are simply amazing!!! You win! You win! You win $1,000!!!

6 Back to the beginning for you ! No, it’s rabbit season! You lose…it’s duck season! It’s duck season.

7 $2,000 Question What is the source document used for recording the payment of payroll in the general journal? General Ledger Employee Earnings Record Payroll Register

8 Ah, what’s up doc! You are a winner! On with the show!

9 $3,000 Question Which form reports the employer’s unemployment taxes? Form W-2 Form 941 Form 940

10 We all think you are just amazing! You truly are “super” ! You win! You ought to be in the movies!!!

11 $4,000 Question Which form would be used to prepare the Quarterly federal tax payment by an employer? 941940 8109

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13 $5,000 Question Federal Income Tax and FICA taxes are due… Semi-monthly before the 15th Every quarterBy the 15th of the following month

14 Let’s celebrate! You are awesome!!! More money!

15 $6,000 Question These taxes are usually paid only by the employer and used to pay for workers who are temporarily out of work. Employs Federal Income Tax Social Security Tax Unemployment taxes

16 You can be my super hero anytime!!!

17 $7,000 Question Which form summarizes an employee's earnings and withholdings for a calendar year? 940 W3 941W2

18 Way to celebrate! Betty Boop is playing the drums in honor of your success! On to the next round!

19 $8,000 Question Which payable account would you use to record the Federal Unemployment Taxes? FUTA Tax Payable SS Tax Payable SUTA Tax Payable Medicare Tax Payable

20 Ogie! Have you heard? We have a winner!

21 $9,000 Question Which payable account would you use to record the State Unemployment Taxes? FUTA Payable SS Tax Payable SUTA PayableMedicare Tax Payable

22 We think you are pretty cool!

23 $10,000 Question Which account would you use to record the total gross earnings for a pay period? Payroll Taxes Expense Cash in Bank Salary Expense

24 You rock!!! Want some green eggs and ham? On to $12,000!

25 $12,000 Question Which account would you use to record net pay for a pay period? Payroll Taxes Expense Salary Expense Cash in Bank Liabilities accounts

26 Watch the ball, kitty! Way to “absorb” the pressure! Movin’ on…

27 $15,000 Question State Unemployment Tax Payable has a normal ___ balance. DebitCredit NA

28 Right again!!! You must be eating your spinach!

29 $20,000 Question U. S. Savings Bonds Payable has a normal ___ balance. DebitCredit

30 You are so smart that you make me self spin! Me wants more money!

31 $30,000 Question Which account would you debit when recording the employer’s payroll taxes? Payroll Taxes Expense Cash in Bank Payroll Tax Liabilities Salaries Expense

32 Ah, what’s up doc! Way to choose positives for your life!!!

33 $40,000 Question You would ___ the Federal Unemployment Tax Payable account when it comes time for the business to pay the tax amount. Debit Credit

34 You are painting such great ideas!!! Well done!!! Daffy Duck!!

35 $50,000 Question When journalizing the payment of the payroll, Cash in Bank is: Credited Debited

36 All eyes are on you!!!

37 $60,000 Question Form W-2 must be prepared and given to each employee by ____ of the following year. January 31January 15 January 1December 31

38 Alright! You got it right. Boy, am I Impressed. Let’s move on.

39 $70,000 Question An increase in the Salaries Expense account has what effect on owner’s equity? DecreaseIncrease No effect

40 You’re a rockin’!!!

41 $80,000 Question Which tax is a matching tax for the employer? FICASUTA FUTA

42 I bow to your greatness!!!

43 $90,000 Question What is the Federal Unemployment Tax rate for employers?.08% 5.4% 1.45%

44 Yahoo! Ripeee! You are amazing!

45 $100,000 Question What is the State Unemployment Tax rate for employers?.08% 5.4% 1.45%

46 Your power mesmerizes me!!!!

47 $200,000 Question The largest expenditure for most business is… Utilities Expense Salaries Expense Advertising Expense

48 Excellent Job! You “walk” in line with great characters!!!

49 $300,000 Question The maximum amount for each employee that an employer has to pay unemployment taxes on is: $7,500 $7,000 108,000

50 Can’t get any better than this!!! Want some cheese?

51 $400,000 Question FICA stands for…. Federal Insurance Contrition Act Federally Insured Contrition Act Federal Insurance Contribution Act

52 You have entered into Smurf World!

53 $500,000 Question The abbreviation, “FUTA”, stands for…. Federally Unemployed Taxes Act Federally Unemployed Taxation Act Federal Unemployment Tax Act

54 I believe, and because I believe in myself, I can respond with great power!!!! Don’t look down!

55 This is your last AND final question! Feeling the pressure? For $1,000,000!!!! Click here when ready for last question.

56 $1,000,000 Question The abbreviation, “SUTA”, stands for…. State Unemployed Taxes Act Stately Unemployed Taxation Act State Unemployment Tax Act

57 $1,000,000

58 Accounting 1 Click here to re- start the game Thanks for playing…see you next time on…. Click here to end game.


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