A fundamental concept in accounting is the _____ ____ , which must remain balanced. b.Employees who work for vendors who provide legal services to any agency of the United States, provided the minimum contract amount is $15,000. B) completing the journal entry to record the payroll. Once the journal entry for the payroll is complete, the information is posted to the appropriate general ledger accounts. Under the Affordable Care Act, which employers are required to provide insurance coverage for all full-time employees and their dependents? b. the account "Vacation Benefits Expense" is credited. (B) payroll . incurs as an expense each payday? A computer error could cause T F, When union dues that have been withheld from employees' wages are turned over to the union (C) federal unemployment tax. (B) a receipt. (D) all of these. a.SUTA funds are used to pay the state and federal administrative expenses and FUTA funds are used to pay the unemployment compensation benefits to the qualified unemployed workers. Vacation Benefits Payable is credited. Multiple choice question. What is the purpose of the Age Discrimination in Employment Act (ADEA)? at the employer's discretion. -Recording the individual balances of each paycheck. expenditures or expenses B) False, Proving the payroll register entails sending company records to the IRS. a.The Federal Unemployment Tax Act (FUTA) requires deduction from employee paychecks . The purpose of a labor report is to do what? A) Garnishment for child support payments False. bottles of juice cocktails? a.Laborers for contractors who furnish materials, supplies, articles, and equipment to any agency of the United States, provided the minimum contract amount is $15,000. (D) revenue. Past-DueCategoryAccountsReceivableTotalPercentageUncollectible0-30days$22,4806%31-90days36,54017%Over90days15,33025%\begin{array}{c} Multiple select question. They were paid in cash while other employees were paid by check. c. a credit to Vacation Benefits Expense = $1,178. Once the transaction has been recorded in the General Journal, the accountant posts the entry to corresponding General Ledger accounts, a combination of letters and numbers. C) a creditor garnishment a. is used to record Workers' Compensation premiums paid by the company. A) a federal tax levy -Each entry will balance within the posting account. The amount that an employee is allowed to keep as take-home pay when a federal tax levy is in play is: double payroll account balances. Employees FIT Payable. other garnishment.. Employer taxes. 8 & 9 Part 2 - Infant Nutrition, Microsoft Office 2016 Excel 2016 Chapter 7 Wo, Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Fundamentals of Financial Management, Concise Edition, Daniel F Viele, David H Marshall, Wayne W McManus. ACC 301 - Chapter 14 "Stockholders' Equity", Claudia Bienias Gilbertson, Debra Gentene, Mark W Lehman, Fundamentals of Financial Management, Concise Edition, Don Herrmann, J. David Spiceland, Wayne Thomas, Lecture 7 - biological basis of language Part. Credit accounting information -Balances in the general ledger payroll accounts are used in payroll reports. (3), True or False: The timing of payroll tax payments is based on the amount owed. d. under ERISA, must withhold pension and retirement benefits before any other deduction.

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