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Choose the statement that represents the best implementation of internal control:
Choose the statement that represents the best implementation of internal control:A . Payroll master file changes are reviewed by human resources B. Supervisors input increases and new hires to the payroll master file C. The bank is instructed to send canceled checks directly to the payroll manager D. Payroll computes...
Company deadlines for payroll data input documents are essential for:
Company deadlines for payroll data input documents are essential for:A . timely processing of the payroll B. guaranteeing that all information is processed C. accurate entry of data D. adequate auditing purposesView AnswerAnswer: A
Which of the following is one of the purposes of a job description?
Which of the following is one of the purposes of a job description?A . Illustrates the position in relation to others in the organization B. Outlines individual performance goals for next fiscal year C. Describes incumbent's obligations to pay appropriate federal, state, and local taxes while holding the position D....
What is the total amount reported in box 10, "Dependent care benefits?"
What is the total amount reported in box 10, "Dependent care benefits?" A . $ 0 B. $10,480 C. $5,500 D. $4,980View AnswerAnswer: D
The effective minimum hourly rate that tipped employees must receive is which of the following?
The effective minimum hourly rate that tipped employees must receive is which of the following?A . No particular rate is required B. 100% of the federal minimum wage C. 50% of the federal minimum wage D. 20% of the federal minimum wageView AnswerAnswer: B
Which of the following employees' wages is likely to be exempt from FICA?
Which of the following employees' wages is likely to be exempt from FICA?A . A parent working for a child B. A spouse working for a spouse C. A statutory employee D. A child under age 18 employed by a parentView AnswerAnswer: D
Under NACHA rules, employers are advised to retain a copy of the employee's written authorization for direct deposit for at least:
Under NACHA rules, employers are advised to retain a copy of the employee's written authorization for direct deposit for at least:A . 3 years B. 2 years C. 1 year D. 4 yearsView AnswerAnswer: B
Which of the following would probably not require an electronic interface from the payroll/human resources system?
Which of the following would probably not require an electronic interface from the payroll/human resources system?A . Originating bank for direct deposit B. 401(k) administrator C. External audit firm D. Payer of push moneyView AnswerAnswer: D
What is the action that may be taken?
Beth, who works for Nugget Productions, is enrolled in the company's cafeteria plan. Beth adopts a child in august, and requests a change in her election under the cafeteria plan. What is the action that may be taken?A . The employer will increase Beth's deduction retroactively to the child's date...
In the context of fringe benefits, the term "discriminatory plan" refers to a plan that disproportionately favors:
In the context of fringe benefits, the term "discriminatory plan" refers to a plan that disproportionately favors:A . An ethnic group B. An age group C. A sex D. The highly paidView AnswerAnswer: D
