Quiz 28: Payroll Test

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1. What does the employee tax control account represent?
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2. What does the net pay control account represent?
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3. Is the gross pay account an income statement or balance sheet account?
Right!
Wrong
4. Is gross pay a debit or a credit to the income statement?
Wrong
Right!

5. When cash is paid to an employee for net pay, is the entry to the net pay control account a debit or a credit?
Wrong
Right!
6. When cash is paid to the tax authorities, is the posting to the employees tax control account a debit or credit?
Right!
Wrong
7. Employee tax and deductions are part of gross pay?
Wrong
Right!
8. Amounts deducted from gross pay for union subscriptions are represented by a debit or credit to the deductions control account?
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Wrong
9. What are unpaid wages?
Right!
Wrong
10. Unpaid wages are accrued for by a debit to which of the following accounts?
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Wrong

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Quiz 28: Payroll Test December 14th, 2016Team

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