2. 100 200 300 400 500 300 200 400 500 Source Document Deadlines Payroll Terms Grab Bag

3. The source document for payment of a payroll? $100.00

4. What is check $100.00

5. The source document for paying employee income tax and social security? $200.00

6. What is check $200.00

7. The source document for journalizing the liability of employee income tax and social security? $300.00

8. What is Memorandum $300.00

9. $400.00 Wild Card!

10. $400.00 Wild Card!

11. $500.00 List 5 examples of source documents

12. $500.00 What is Check stub Invoice Receipt Calculator Tape Memorandum

13. Employers are required to furnish each employee with a W-2 form when? $100.00

14. What is by January 31 of the following year $100.00

15. Each employer must file a return on Inc/SS/Med this often? $200.00

16. What is quarterly

17. The transaction to record employer payroll taxes is this often. $300.00

18. What is Each Pay Period $300.00

19. Federal unemployment tax is paid this often? $400.00

20. What is quarterly $400.00

21. This is deadline to pay state unemployment tax $500.00

22. What is By the end of the month following each calendar quarter $500.00

23. Which taxes have a tax base? $100.00

24. What is Social Security tax Unemployment tax $100.00

25. Which taxes must be paid by employee and employer $200.00

26. What is Social Security Medicare $200.00

27. Employer Payroll taxes are what classification $300.00

28. What is a business expense $300.00

29. This is where to find the information to prepare a payroll $400.00

30. What is Payroll register Employee earnings record $400.00

31. The journal entry for Payroll includes this. $500.00

32. What is Gross earnings Deductions Net pay $500.00 Salary Expense Name Payable Cash

33. In each pay period the payroll information for each employee is recorded here. $100.00

34. What is Employee earnings record $100.00

35. Yearly form to employees about Income and deductions $200.00

36. What is W-2 $200.00

37. Tax to pay benefits to laid-off workers. $300.00

38. What is Unemployment tax payable - state $300.00

39. Until taxes are paid to the government they are recorded as this classification. $400.00

40. What is liability $400.00

41. Total earnings subject to unemployment tax is called this. $500.00

42. What is Unemployment taxable earnings $500.00

43. Employer and Employee SS tax rate $100.00

44. What is 6.2% each $100.00

45. How often you pay tax payments for inc/ss/med $200.00

46. What is Quarterly, Monthly, semiweekly Based on amount owed $200.00

47. Transaction to journalize paying payroll $300.00

48. What is Credit cash liability accounts Debit salary expense $300.00

49. The 5 steps in posting an individual amount $400.00

50. What is 1.Date 2.Post Ref 3.Debit/Credit 4.Calculate new balance 5.Post ref back to journal $400.00

51. List all 10 accounting concepts $500.00

52. What is $500.00 Business Entity Unit of Measurement Realization of Revenue Objective Evidence Consistent Reporting Accounting Period Cycle Matching Expenses with Revenue Adequate Disclosure Going Concern Historical Cost

53. Wild Card!