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Which of the following is true?
A waitress is paid $2.25 per hour and she receives $225 in tips during the week. She works 4o hours per week. Which of the following is true?A . her employer is allowed to reduce her cash wage to no less than $2.13 per hourB . her base pay must...
What is his status?
A retired safety inspector for the company was rehired as a consultant when the company expanded its plant operations. the retired employee was a natural choice. the tasks he undertook as a consultant were the same as the ones he performed before retirement. paid monthly, he has agreed to work...
Last month, an employee emailed her mother on the company's email, photocopied fliers for her church picnic at work and used her work computer to update her resume. These services represent:
Last month, an employee emailed her mother on the company's email, photocopied fliers for her church picnic at work and used her work computer to update her resume. These services represent:A . taxable compensationB . de minimis fringesC . working condition fringesD . no-additional cost servicesView AnswerAnswer: B
All of the following issues are concerns of external auditors except:
All of the following issues are concerns of external auditors except:A . safeguarding of the firms financial assetsB . risks to the companys financial well beingC . efficiency of payroll proceduresD . material misstatements of financial statementsView AnswerAnswer: C
What is the effect on an employees income when the employer pays that employees share of social security and medicare taxes on a fringe benefit?
What is the effect on an employees income when the employer pays that employees share of social security and medicare taxes on a fringe benefit?A . there is no changeB . the taxes paid by the employer are considered income to the employeeC . the amount of the fringe benefit...
What advantages does a payroll checking account provide?
What advantages does a payroll checking account provide?A . prevents fraudB . facilitates reconciliationsC . ensures that reconciliations are completed in a timely mannerD . ensures that checks are issued correctlyView AnswerAnswer: B
When paying supplemental wages, when must the aggregate withholding method be used?
When paying supplemental wages, when must the aggregate withholding method be used?A . when no income tax is withheld from regular wages for the current or preceding yearB . when the employee claims more than 10 dependentsC . when the employee doesnt complete a form W4D . when the employee...
When an employee begins to receive social security benefits, the employer no longer needs to withhold social security and medicare taxes.
When an employee begins to receive social security benefits, the employer no longer needs to withhold social security and medicare taxes.A . TRUEB . FalseView AnswerAnswer: A
which of the following plans applies only to employees of public schools, colleges and universities, and public charities?
which of the following plans applies only to employees of public schools, colleges and universities, and public charities?A . 401kB . 403bC . 457bD . both b and cView AnswerAnswer: B
What should you do?
You receive a letter of inquiry concerning an employee. What should you do?A . follow your companys policy on the release of employee infoB . ignore the letter becuase its the employees issueC . send a short letter to the agency stating that the issue is being reviewed.D . call...
