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Daigneault Designs has the following amounts listed on their Form 941: Daigneault Designs has the following amounts listed on their Form 941: What amount belongs on line 5e? A) $67,248.00 B) $8,338.75 C) $10,288.94 D) $5,860.00 What amount belongs on line 5e?


A) $67,248.00
B) $8,338.75
C) $10,288.94
D) $5,860.00

E) B) and D)
F) None of the above

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Cordelia is an employee of Snaktyme Foods in Missouri.She earns $24,000 annually.Snaktyme has provided uniforms worth $350 and training worth $850 as part of her employment.She contributes 4% to her 401(k) ,of which her employer matches half.Cordelia's employer pays the following monthly amounts toward her insurance: health,$125;life,$50;AD&D,$30.Snaktyme Foods pays employer-only taxes and insurance that comprises an additional 14% of Cordelia's annual salary.What is Cordelia's total annual compensation?


A) $28,000
B) $31,500
C) $29,260
D) $32,900

E) All of the above
F) A) and C)

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Electronic tax deposits are usually processed through the


A) AFTPS.
B) ESTPF.
C) EPS.
D) EFTPS.

E) C) and D)
F) A) and B)

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_________________________ allows firms to allocate costs accurately among departments.


A) Labor costing
B) Labor distribution
C) Compensation analysis
D) Benefit analysis

E) A) and B)
F) C) and D)

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Which of the following is not an example of an employer's payroll-related business expense?


A) Tax deposits and filings
B) Voluntary deduction receipt
C) Tax withholding and matching
D) Employee compensation and accountability

E) All of the above
F) C) and D)

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Patalano's Pros is a semi-weekly schedule depositor.Which forms must they file to reconcile their payroll taxes?


A) Forms 940 and 944
B) Forms 941 and 944
C) Form 944 and Schedule B
D) Form 941 and Schedule B

E) B) and D)
F) A) and D)

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Jamie earns $232,000 annually.Compute the FICA taxes for both the employee and employer share.The Social Security wage base is $118,500.What is the total annual FICA tax liability for Jamie's pay?


A) $21,710
B) $19,270
C) $18,160
D) $17,872

E) B) and D)
F) All of the above

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Mandatory employer-paid payroll taxes are known as statutory deductions.

A) True
B) False

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Trick's Costumes has 65 employees,who are distributed as follows: Trick's Costumes has 65 employees,who are distributed as follows: The payroll-related costs for the year are $1,043,050.If Trick's Costumes does use departmental classification,how much is allocated to the Fabrication department? (Do not round intermediate calculations.Round final answer to 2 decimal places. ) A) $563,190.56 B) $401,173.10 C) $433,266.92 D) $481,407.69 The payroll-related costs for the year are $1,043,050.If Trick's Costumes does use departmental classification,how much is allocated to the Fabrication department? (Do not round intermediate calculations.Round final answer to 2 decimal places. )


A) $563,190.56
B) $401,173.10
C) $433,266.92
D) $481,407.69

E) None of the above
F) B) and D)

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Which of the following tasks could use data from the Benefit Analysis Report (Select all that apply) ?


A) Budgeting
B) Benchmarking
C) Departmental Reporting
D) Labor Planning

E) A) and D)
F) None of the above

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A firm's frequency of tax deposits is determined by payroll tax liability during the lookback period.

A) True
B) False

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Maeisha works for Brown Corporation,where she earns $45,000.Her employer contributes 1% of her pay to her pension fund and pays the following monthly amounts for her insurance: health,$300;life,$50;AD&D,$25.She receives $40 per month for her gym membership and receives a $400 bonus at the end of the year.Brown Corporation pays employer-only taxes and insurance that comprises an additional 12% of Maiesha's annual salary.What is Maeisha's total annual compensation?


A) $56,230.00
B) $54,849.30
C) $50,766.80
D) $54,451.30

E) C) and D)
F) A) and B)

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Which of the following best describes the function of a benefit analysis report?


A) It is an analysis of the benefits paid to employees.
B) It is an analysis of each employee's benefit package.
C) It is an analysis of the effect of labor costs on departmental profitability.
D) It is an analysis of each department's benefit to the company.

E) A) and B)
F) A) and C)

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The total of a firm's annual wages and salaries must match on Forms _________________.


A) W-2 and W-3
B) 940 and W-2
C) W-3 and 941
D) 941 and W-2

E) All of the above
F) A) and B)

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Deschutes Companies located in Oregon has a SUTA tax rate of 4.10% and a wage base of $36,900.During the last calendar year the company paid $393,750 in wages and salaries for 11 employees.What is the total of the FUTA and SUTA tax liabilities for Deschutes Companies? (Assume that all employees have exceeded the FUTA and SUTA wage bases. )


A) $17,103.90
B) $16,709.50
C) $18,323.40.
D) $15,785.60

E) B) and D)
F) B) and C)

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An employer files Form 941 on either a quarterly basis or when they deposit payroll taxes,whichever is more frequent.

A) True
B) False

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McBean Farms has the following information on their Form 941: McBean Farms has the following information on their Form 941: What amount should be entered in Column 2,Lines 5a and 5c? (Assume no Section 125 health insurance and that none of the employees had exceeded the Social Security wage base. ) A) $17,400.67 and $4,069.51,respectively B) $140,328.00 C) $8,700.34 and $2,034.76,respectively D) $156,592 What amount should be entered in Column 2,Lines 5a and 5c? (Assume no Section 125 health insurance and that none of the employees had exceeded the Social Security wage base. )


A) $17,400.67 and $4,069.51,respectively
B) $140,328.00
C) $8,700.34 and $2,034.76,respectively
D) $156,592

E) A) and B)
F) All of the above

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Trick's Costumes has 65 employees,who are distributed as follows: Trick's Costumes has 65 employees,who are distributed as follows: The payroll-related costs for the year are $1,043,050.If Trick's Costumes does not use departmental classification,how much is allocated to each department? A) $153,910 B) $202,850 C) $208,610 D) $260,763 The payroll-related costs for the year are $1,043,050.If Trick's Costumes does not use departmental classification,how much is allocated to each department?


A) $153,910
B) $202,850
C) $208,610
D) $260,763

E) B) and C)
F) A) and D)

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Red's Waterworks is a semiweekly depositor.One month of the recent quarter's Schedule B had the following information: Red's Waterworks is a semiweekly depositor.One month of the recent quarter's Schedule B had the following information: What is Red Waterworks' tax liability for Month 1? A) $29,811.87 B) $42,116.29 C) $56,484.81 D) $39,138.14 What is Red Waterworks' tax liability for Month 1?


A) $29,811.87
B) $42,116.29
C) $56,484.81
D) $39,138.14

E) None of the above
F) A) and B)

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Francesca earns $2,400 per pay period.Compute the FICA taxes for both employee and employer share.What is the total FICA tax liability for Francesca's pay per pay period? (Assume that Francesca has not met the FICA wage base. )


A) $297.60
B) $332.40
C) $218.40
D) $367.20

E) B) and C)
F) A) and D)

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