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All of the following deferred compensation plans limit the employee to making a deferral contribution of $19,500 in 2020 except:
All of the following deferred compensation plans limit the employee to making a deferral contribution of $19,500 in 2020 except:A . 401kB . 403bC . 457bD . nonqualifiedView AnswerAnswer: D
When must you change the amount of his withholding?
An employee was recently married. the employer pays on the 15th and last day of every month. on June 10, the employee submitted a revised W4. When must you change the amount of his withholding?A . on his june 15th paycheckB . on his june 30th paycheckC . on his...
Whichcafeteria plan are authorized by what Internal Revenue Code Section?
Whichcafeteria plan are authorized by what Internal Revenue Code Section?A . 125B . 401kC . 403bD . 457bView AnswerAnswer: A
What authority controls the frequency with which employees must be paid?
What authority controls the frequency with which employees must be paid?A . state lawsB . FLSA rulesC . Local lawsD . IRS rulesView AnswerAnswer: A
An employee was sick the last week in december. his paycheck, dated dec 31, 2020 was held for him until he returned to work on Jan 6, 2021. these wages are taxable:
An employee was sick the last week in december. his paycheck, dated dec 31, 2020 was held for him until he returned to work on Jan 6, 2021. these wages are taxable:A . in 2020B . in 2021View AnswerAnswer: A
All of the following deductions are involuntary deductions EXCEPT:
All of the following deductions are involuntary deductions EXCEPT:A . wage assignmentB . tax levyC . child supportD . creditor garnishmentView AnswerAnswer: A
Which of the following plans can discriminate in favor of highly compensation employees?
Which of the following plans can discriminate in favor of highly compensation employees?A . section 125 plansB . defined contribution plansC . 401k plansD . nonqualified deferred compensation plansView AnswerAnswer: D
A financial transaction is first posted in your organizations:
A financial transaction is first posted in your organizations:A . chart of accountsB . ledgerC . journalD . balance sheetView AnswerAnswer: C
Which of the following statements is correct regarding section 125 plans?
Which of the following statements is correct regarding section 125 plans?A . employees working 10 hours a week or more must be included in the companys section 125 planB . any benefits received in cash are not taxedC . at the end of the plan year, employees receive cash payments...
An employee works from midnight to 8am on a company paid holiday but does not work more than 40 hours during the workweek. under the FLSA, the employee must be paid:
An employee works from midnight to 8am on a company paid holiday but does not work more than 40 hours during the workweek. under the FLSA, the employee must be paid:A . double time for working the holidayB . time and one half for working the holidayC . a shift...
