can you help me on this please. i have the study sheet attached so you can send it back to me. just bold the correct answer. its a multiple choice

1. A law that regulates overtime earnings is called: Federal Unemployment Tax Act Tax Payment Act Fair Labor Standards Act Federal Insurance Contribution Act 2. To which of the following payroll taxes are employers required to contribute a matching portion for each employee? State unemployment Federal unemployment FICA Medicare FICA Social Security All of these 3. Mary Jane's cumulative year-to-date earnings are $7,200. On June 30th, Mary Jane earned $600. What is the FUTA tax amount that Mary Jane's employer must record and pay on her most recent earnings? $0 $4.80 $52.80 $56.00 4. A plumber who sets his own work schedule is an example of: Independent Contractor Employee Employer Freelancer 5. Which of the following statements is true about FICA Social Security and Medicare? Employers match the employee's deduction for FICA Medicare but pay a higher percentage for FICA Social Security. Only employees have this deduction. Only employers are responsible for FICA taxes. Both FICA Social Security and Medicare have no wage ceilings. 6. Which of the following payroll taxes has a maximum of earnings subject to the tax? State unemployment tax FICA Social Security FICA Medicare All of these Both state unemployment tax and FICA Social Security 7. Which of the following statements is NOT true about Workers' Compensation Insurance? Employers generally pay premiums in advance. Most states require employers to provide coverage. Employers normally pass along the cost of coverage to employees. Premium rates vary based on risk and claims. 8. In a payroll journal entry, a credit to Federal Withholding Tax Payable indicates Federal taxes have been withheld from the employee and are a liability until paid to the governing agency Federal taxes have been paid to the governing agency Federal taxes are due to be withheld from the employee None of the above 9. John Smith has cumulative yearly earnings of $24,700, counting his current pay period salary amount of $3,500. Assume the FICA tax rate is 6.2 percent for Social Security, with a limit of $113,700, and 1.45 percent for Medicare, applied to all earnings. The FUTA tax is 0.6 percent, with a limit of $7,000, and the SUTA tax is 5.4 percent, with a limit of $7,000. The employer's payroll tax expense entry will include a credit to FICA Tax Payable for $217.00. FICA Tax Payable for $267.75. Federal Unemployment Tax Payable for $28.00. State Unemployment Tax Payable for $189.00. Federal Unemployment Tax Payable for $280.00. 10. There is no wage ceiling limit for which of the following: FICA Medicare SUTA FUTA FICA Social Security 11. Which of the following payroll taxes is the employee's responsibility? Federal Income Tax, FICA SS & Medicare, FUTA Federal Income Tax, FUTA, SUTA Federal Income Tax, FICA SS & Medicare FICA SS & Medicare, FUTA, SUTA 12. The W-2 form contains all of the following EXCEPT: Wages Employee Social Security Number EIN Number of Allowances 13. What are the two parts of FICA taxes? Medical and Disability Social Security and Disability Social Security and Medicare FUTA and SUTA 14. Employees may be paid hourly or salary based on the following: Type of work performed Period of time covered The employer's discretion a&b 15. The number assigned to employers by the IRS for use in submitting and reporting tax payments is: EIN TIPN iPay FUTA 16. The following payroll taxes that are strictly the employer's responsibility SUTA FUTA FICA SS Employee Withheld Federal Tax Withheld a&b 17. What item is NOT used to calculate the federal income tax to be withheld by employers? Total Earnings W-2 Publication 15 (Circular E) W-4 18. Rounding differences with the employee and employer amounts of FICA taxes are handled on the 941 report by: Any differences are paid in or refunded as appropriate Line 7 accommodates fraction differences, which accommodates rounding When differences occur, the numbers are adjusted before the report to balance None of the above 19. If a company is considered to have high employee turnover, what effect does the turnover have on the Payroll Tax expenses for the business? Increases payroll tax expenses Decreases payroll tax expenses Would not have any effect May increase or decrease payroll tax expenses depending on the time of the year. 20. The Social Security Act of 1935 was originally enacted to provide Benefits for Spouses Benefits for Minor Children Benefits for Retired Workers Disability Insurance 21. The 941 employer's tax payment to the IRS consists of Employee's FICA Withheld Employer's matching FICA Employee's federal income tax withheld a&b All of the above 22. The entry to record the payroll tax expense includes all of the following except Federal Unemployment Tax Payable. FICA Tax Payable. Employees' Federal Income Tax Payable. State Unemployment Tax Payable. None of these are correct. 23. The total amount of employee compensation before deductions are taken out is referred to as gross pay. net pay. compensation after withholdings. take-home pay. merit pay. 24. A debit to the Payroll Tax Expense account means: The employer's payroll taxes have increased The employer's payroll taxes have decreased Both the employer's and the employee's payroll taxes have increased The employer's and employee's payroll taxes have not changed 24. Which of the following payroll taxes do employers pay on employees? SUTA FUTA FICA All of these None of these