Accounting II - Chapter 3 Exam | Questions with
100% Correct Answers | Verified | Latest Update
2026
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Practice questions for this set
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Debit Tax Payable accounts. Credit Cash.
Choose an answer
A monthly schedule depositor for The only deductions that may be
federal payroll tax purposes must legally made from an employee's pay
1 2
deposit payroll taxes by the 15th day are those required by the federal,
of the next month. state, or local governments.
An accounting form that summarizes
the earnings, deductions, and net What is the transaction when paying
3 4
pay of all employees for one pay payroll tax liabilities?
period is called a payroll register.
Don't know?
, Terms in this set (33)
A monthly schedule depositor for TRUE
federal payroll tax purposes must
deposit payroll taxes by the 15th day
of the next month.
Overtime pay is paid for hours FALSE
worked in excess of eight hours per
day. The typical overtime rate is
$5.00 more than the regular hourly
rate.
Current period earnings are $800. $11,800
Deductions for the payroll period
are $100. The previous period's
accumulated earnings are $11,000.
The new accumulated earnings are
Employers make periodic payments TRUE
to the government for all payroll
taxes withheld from employees, as
well as for employer payroll taxes.
An accounting form that summarizes TRUE
the earnings, deductions, and net
pay of all employees for one pay
period is called a payroll register.
The amount recorded in the Cash Net pay
Credit column of the cash payments
journal for the payment of a payroll
equals
100% Correct Answers | Verified | Latest Update
2026
Save
Practice questions for this set
Learn 1 /7 Study using Learn
Debit Tax Payable accounts. Credit Cash.
Choose an answer
A monthly schedule depositor for The only deductions that may be
federal payroll tax purposes must legally made from an employee's pay
1 2
deposit payroll taxes by the 15th day are those required by the federal,
of the next month. state, or local governments.
An accounting form that summarizes
the earnings, deductions, and net What is the transaction when paying
3 4
pay of all employees for one pay payroll tax liabilities?
period is called a payroll register.
Don't know?
, Terms in this set (33)
A monthly schedule depositor for TRUE
federal payroll tax purposes must
deposit payroll taxes by the 15th day
of the next month.
Overtime pay is paid for hours FALSE
worked in excess of eight hours per
day. The typical overtime rate is
$5.00 more than the regular hourly
rate.
Current period earnings are $800. $11,800
Deductions for the payroll period
are $100. The previous period's
accumulated earnings are $11,000.
The new accumulated earnings are
Employers make periodic payments TRUE
to the government for all payroll
taxes withheld from employees, as
well as for employer payroll taxes.
An accounting form that summarizes TRUE
the earnings, deductions, and net
pay of all employees for one pay
period is called a payroll register.
The amount recorded in the Cash Net pay
Credit column of the cash payments
journal for the payment of a payroll
equals
