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5 Written questions

5 Matching questions

  1. Form W-3
  2. All records of employment taxes must be kept for at least
  3. Disbursement journals must show
  4. All records of employment taxes should be available for review by the
  5. In balance
  1. a - Every amount paid out.
    - Date and check number.
    - Purpose of the payment.
  2. b The state in which the total ending balances of patient ledgers equals the tatal of accounts receivable.
  3. c 4 years
  4. d The Transmittal of Income and Tax Statement. Employers must file form annualy to transmit wage and income tax withheld statements (Form W-2) to the Social Security Administration.
  5. e IRS

5 Multiple choice questions

  1. Daily journal and checkbook
  2. The most complete accounting system. System in which transactions may be entered manually or by computer. Inexpensive but requires a trained, experienced bookkeeper or the regular services of an accountant.
  3. Declaration of Estimated Tax for Individuals
  4. should be done once a month after all posting has been completed and before the monthly statements are prepared. The purpose of process is to disclose any discrepancies between the journal and the ledger.
  5. A record or notation of an occurrence, transaction, or proceeding.

5 True/False questions

  1. Employment records includeSocial security number of the employee
    Number of withholding allowances claimed
    Amount of gross salary
    All deductions for the Social Security and Medicare taxes; federal, state, and city or other subdivision withholding taxes; state disability insurance; and state unemployment tax, where applicable.

          

  2. LiabilitiesThe state in which the total ending balances of patient ledgers equals the tatal of accounts receivable.

          

  3. Single-entry systems-The most complete accounting system. System in which transactions may be entered manually or by computer. Inexpensive but requires a trained, experienced bookkeeper or the regular services of an accountant.

          

  4. FICA provides fora federal system of old age, survivors, disability, and hospital insurance. Rate is 6.2 % for employees and employers.

          

  5. All wages are subject to the Medicare tax at a rate of ___% each for both employees and employers.4 years

          

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