Which of the following acts levies a tax on employers and employees that is credited to the Federal Old-Age and Survivor's Trust Fund and the Federal Disability Insurance Trust Fund? A) Revenue \begin{matrix} Kipley Company Payroll Register (Continuing Payroll Problem a) - StudyMode C) Social Security tax, $746; Medicare tax, $174. question mark Will be automatically graded as incorrect.) The ___ is a multicolumn form used to assemble and summarize the data needed at the end of each payroll period. A payroll register is tool that records wage payment information about each employee gross pay, deductions, tax withholding, net pay and other payroll-related information for each pay period and pay date. Question: Continuing Payroll Problem, 6B: Chapter 6 You have almost completed the Olney Company's Employee Payroll Register for the pay period ending January 8, 20--. A) Debit $1, account: Social Security tax payable ACCOUNT NO. \ 2. The entry to record vacations earned in 2022 will affect Vacation Expense on the 2022 income statement and Vacation Payable, a liability on the 2022 balance sheet. Which of the following is not a provision of FLSA? 10. C) It must pay its employees for the wages earned as of that date. What information is commonly provided by a job-seeker on the application for employment form? 9. Any boxes left with a question mark will be Discover a wealth of knowledge to help you tackle payroll, HR and benefits, and compliance. A) Debit R. Sanders Capital, $250,000; Credit Cash, $250, FUTA funds are used to pay the state and federal administrative expenses and SUTA funds are used to pay the unemployment compensation benefits to the qualified unemployed workers. An employer has computed the following amounts for its employee Mary during a week in January: gross wages $500.00; FICA tax withheld $38.25; federal income tax withholding $67.25; State income tax withholding $20.00; unemployment taxes $24.00; worker compensation insurance $5.00. Payroll registers also provide aggregate employee information at a glance, which can be helpful when depositing tax payments, filing tax returns and performing other basic accounting tasks. If you have difficulty answering the following questions, learn more about this topic by reading our Payroll Accounting (Explanation).

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