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Which of the following is true?
For her 10 years of service, an employee was given a gold necklace valued at $100. Which of the following is true?A . the gift must be included in her taxable compensationB . the gift is tax freeC . only social security and medicare tax should be withheld on the...
What is the maximum child support payment that can be withheld from his wages?
An employee earns $1,000 weekly. his deductions are $174 for federal income tax, $62 for social security tax, and $14.50 for medicare tax. He is not supporting another family and has never been in arrears in his child support payments. What is the maximum child support payment that can be...
For a payment after the employees death in the year AFTER the death, what taxes, if any, will be withheld?
For a payment after the employees death in the year AFTER the death, what taxes, if any, will be withheld?A . federal income tax onlyB . social security and medicare taxes onlyC . federal income and social security and medicare taxesD . no taxes will be withheldView AnswerAnswer: D
Prior to beginning work for a company, a chemical engineer signed a contract stating that she agreed to work as an independent contractor. she performs all her duties in the companys laboratories, works under the companys direction, and maintains regular office hours. what is her status?
Prior to beginning work for a company, a chemical engineer signed a contract stating that she agreed to work as an independent contractor. she performs all her duties in the companys laboratories, works under the companys direction, and maintains regular office hours. what is her status?A . independent contractor under...
The statue of limitation for correcting a form 941 is:
The statue of limitation for correcting a form 941 is:A . due date of 941 form for quarter in which error was discoveredB . april 15 following the year error was discoveredC . whenever discovered, up to 7 yearsD . april 15 3 years after the close of tax year...
All of the following types of records can be combined with payroll data in an integrated system except:
All of the following types of records can be combined with payroll data in an integrated system except:A . personnelB . benefitsC . purchasingD . human resourcesView AnswerAnswer: C
How would each of the following be posted?
How would each of the following be posted?A . increase in asset accountB . decrease in liability accountC . increase an expense accountD . decrease an asset accountE . increase a revenue accountView AnswerAnswer: A B C D E
If you need very rapid response time with minimal lag between input and output into your computer system, look for:
If you need very rapid response time with minimal lag between input and output into your computer system, look for:A . batch processingB . remote entry processingC . real time processingD . network processingView AnswerAnswer: C
When system generated tools do not agree to batch control totals, what must occur?
When system generated tools do not agree to batch control totals, what must occur?A . continue processingB . finding the cause and correcting the errorC . delay finding the error until more time is availableD . document the difference and continue processingView AnswerAnswer: B
Which tax withholidng method uses the average earnings for one pay period to determine the withholding per pay period?
Which tax withholidng method uses the average earnings for one pay period to determine the withholding per pay period?A . percentage methodB . quarterly averaging methodC . annualizing wage methodD . none of the aboveView AnswerAnswer: C
