Chapter 13 Accounting 1: Last update: 3/15/15 Click to start game.

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Chapter 13 Accounting 1: Last update: 3/15/15 Click to start game

Transcript of Chapter 13 Accounting 1: Last update: 3/15/15 Click to start game.

Page 1: Chapter 13 Accounting 1: Last update: 3/15/15 Click to start game.

Chapter 13Accounting 1: Last update: 3/15/15Click to

start game

Page 2: Chapter 13 Accounting 1: Last update: 3/15/15 Click to start game.

Directions

1. Read each question.2. Click on the correct answer.3. If you are correct, you will

automatically be taken to the next question.

4. If you are incorrect, you will be returned to the beginning of the game.

5. To end your game, click on the red button in the bottom right corner.

6. Click here to begin the game.

Skip Directions

Page 3: Chapter 13 Accounting 1: Last update: 3/15/15 Click to start game.

$1,000 Question

The Coupon Deposit form that is sent with the employer’s check to show the amount of taxes being sent to the

federal government.

Form 8109

Form 941Form W-3

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You are simply amazing!!!

You win!You win!You win $1,000!!

!

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Back to the beginning for you!

No, it’s rabbit

season!

You lose…it’s duck season!

It’s duck season.

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$2,000 Question

What is the source document used for recording the payment of payroll in the general journal?

General Ledger

Employee Earnings Record

Payroll Register

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Ah, what’s up doc!

You are a winner!

On with the show!

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$3,000 Question

Which form reports the employer’s unemployment taxes?

Form W-2

Form 941

Form 940

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We all think you are just amazing!

You truly are

“super” !

You win!

You ought to be in the movies!!!

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$4,000 Question

Which form would be used to prepare the Quarterly federal tax payment by an employer?

941940

8109

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$5,000 Question

Federal Income Tax and FICA taxes are due…

Semi-monthly before the 15th

Every quarterBy the 15th of the following month

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Let’s celebrate! You are awesome!!!

More money!

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$6,000 Question

These taxes are usually paid only by the employer and used to pay for workers who are temporarily

out of work.

Employs Federal Income Tax

Social Security Tax

Unemployment taxes

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You can be my super hero

anytime!!!

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$7,000 Question

Which form summarizes an employee's earnings and withholdings for a calendar year?

940W3

941W2

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Way to celebrate!

Betty Boop is playing the drums in honor of

your success!

On to the next

round!

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$8,000 Question

Which payable account would you use to record the Federal Unemployment Taxes?

FUTA Tax PayableSS Tax Payable

SUTA Tax PayableMedicare Tax Payable

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Ogie!Have you

heard?We have

awinner!

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$9,000 Question

Which payable account would you use to record the State Unemployment Taxes?

FUTA PayableSS Tax Payable

SUTA PayableMedicare Tax Payable

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We think you are pretty cool!

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$10,000 Question

Which account would you use to record the total gross earnings for a pay period?

Payroll Taxes Expense

Cash in Bank

Salary Expense

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You rock!!! Want some green eggs and ham?

On to $12,000!

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$12,000 Question

Which account would you use to record net pay for a pay period?

Payroll Taxes Expense

Salary Expense

Cash in Bank

Liabilities accounts

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Watch the ball, kitty!

Way to “absorb”

the pressure!

Movin’ on…

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$15,000 Question

State Unemployment Tax Payable has a normal ___ balance.

Debit Credit

NA

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Right again!!!You must be eating

your spinach!

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$20,000 Question

U. S. Savings Bonds Payable has a normal ___ balance.

Debit Credit

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You are so smart that you make me self spin!

Me wants more money!

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$30,000 Question

Which account would you debit when recording the employer’s payroll taxes?

Payroll Taxes Expense

Cash in Bank

Payroll Tax Liabilities

Salaries Expense

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Ah, what’s up doc!

Way to choose

positives for your life!!!

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$40,000 Question

You would ___ the Federal Unemployment Tax Payable account when it comes time for the

business to pay the tax amount.

Debit

Credit

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You are painting such great ideas!!!

Well done!!!

Daffy Duck!!

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$50,000 Question

When journalizing the payment of the payroll, Cash in Bank is:

Credited

Debited

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All eyes are on you!!!

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$60,000 Question

Form W-2 must be prepared and given to each employee by ____ of the following year.

January 31 January 15

January 1December 31

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Alright!You got it

right.Boy, am I

Impressed.

Let’s move on.

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$70,000 Question

An increase in the Salaries Expense account has what effect on owner’s equity?

DecreaseIncrease

No effect

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You’re a rockin’!!!You’re a rockin’!!!

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$80,000 Question

Which tax is a matching tax for the employer?

FICA SUTA

FUTA

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I bow to your

greatness!!!

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$90,000 Question

What is the Federal Unemployment Tax rate for employers?

.08%

5.4%

1.45%

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Yahoo!

Ripeee!

You are amazing!

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$100,000 Question

What is the State Unemployment Tax rate for employers?

.08%

5.4%

1.45%

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Your power

mesmerizes me!!!!

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$200,000 Question

The largest expenditure for most business is…

Utilities Expense

Salaries Expense

Advertising Expense

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Excellent Job!

You “walk” in line with

great characters!!

!

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$300,000 Question

The maximum amount for each employee that an employer has to pay unemployment taxes on is:

$7,500

$7,000

108,000

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Can’t get any

better than

this!!!

Want some

cheese?

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$400,000 Question

FICA stands for….

Federal Insurance Contrition Act

Federally Insured Contrition Act

Federal Insurance Contribution Act

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You have

entered into

Smurf World!

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$500,000 Question

The abbreviation, “FUTA”, stands for….

Federally Unemployed Taxes

Act

Federally Unemployed Taxation Act

Federal Unemployment

Tax Act

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I believe, and because I believe in

myself, I can respond with

great power!!!!

Don’t look down!

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This is your last AND final question! Feeling the pressure?

For $1,000,000!!!!

Click here when ready for last question.

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$1,000,000 Question

The abbreviation, “SUTA”, stands for….

State Unemployed Taxes Act

Stately Unemployed Taxation Act

State Unemployment

Tax Act

Page 56: Chapter 13 Accounting 1: Last update: 3/15/15 Click to start game.

$1,000,000

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Accounting 1Click here to re-start the

game

Thanks for

playing…see you

next time on….

Click here to end game.