Payroll MCQs

What is the function of payroll?

Who is responsible for paying taxes deducted from employee's check?

What is an employee?

True or false? A new employee must fill out a W-4.

What is a contractor?

Why has the IRS allowed employers to combine federal taxes when computing withholding amounts?

Which of the following should happen in the payroll system after an employee is terminated?

The term "internal control" refers to ______________.

What is the purpose of Form 941?

Employee B has an annual salary of $50,000 that is paid to him over 26 pay periods. He works 260 days per year. He retires after working 65 days, during which time he received 6 paychecks.

Given this information, Employee B's gross wages for his final paycheck will be _____________.