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Multiple Choice Quiz
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1

An employee earnings records is:
A)a payroll record that includes employee’s payroll information
B)a payroll record that includes the employee’s accumulated earnings
C)A and B
D)None of the above
2

A W-2, completed by the employee, is a written authorization to change the employee’s marital status and/or number of withholding allowances.
A)True
B)False
3

The payroll record that is used to determine when the employees reach the yearly limit on OASDI (Social Security) is called:
A)W-4
B)employee earning records
C)employee application
D)none of the above
4

James Smith has a year to date earnings for 2005 of $90,000. Compute the social security tax (OASDI) withheld for 2005.
A)$5,449.80
B)$5,580.00
C)$5,600.00
D)$6,804.00
5

The payroll register and the employee earnings records must be keep for a period of two years in order to meet the federal and state requirements.
A)True
B)False
6

The employee records will include:
A)Pay increases
B)Hiring date
C)Both A and B
D)None of the above
7

Lisa Marie Menendez has a salary of $750 per week. Use the following withholding rates to calculate the pertinent taxes: OASDI (Social Security) 6.2%, HI (Medicare) – 1.45% and state income tax rate – 3%. Lisa also has the following deductions: federal income tax $100.12 and union dues of $55. Compute the Social Security (OASDI) tax to be withheld for the payroll’s week ending on January 15.
A)$10.87
B)$515.00
C)$46.50
D)$0.00
8

Using the information provided in #7, compute Lisa’s net pay.
A)$10.87
B)$515.00
C)$46.50
D)$0.00
9

The employee earnings record contains only quarterly earnings.
A)True
B)False
10

An example of a mistake done in the process of completing the employee’s earning records are:
A)Transposing figures/amounts
B)Placing information in the wrong column
C)Writing an amount/figures in the wrong column or employee
D)All of the above





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