100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Mastering Payroll exam 2024/2025 with 100% correct answers $14.49   Add to cart

Exam (elaborations)

Mastering Payroll exam 2024/2025 with 100% correct answers

 4 views  0 purchase
  • Course
  • Mastering Payroll
  • Institution
  • Mastering Payroll

How many days after a full-time employee starts to work does an employer have to complete the I-9? correct answers4 days Which form does an employee need to submit to obtain a Social Security card? correct answersSS-5 Which form does an employer use to obtain an Employer Identification Number...

[Show more]

Preview 2 out of 7  pages

  • September 18, 2024
  • 7
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Mastering Payroll
  • Mastering Payroll
avatar-seller
QUILLSKY
Mastering Payroll

How many days after a full-time employee starts to work does an employer have to complete the I-9?
correct answers4 days



Which form does an employee need to submit to obtain a Social Security card? correct answersSS-5



Which form does an employer use to obtain an Employer Identification Number for depositing
employment taxes? correct answersSS-4



If on April 15, 2020, a state's minimum wage is $6.95 per hour, what is the minimum rate that interstate
employers in that state must pay employees? correct answers$7.25



At what rate must federal income tax be withheld for an employee who has not properly completed a W-
4? correct answerssingle or married filing separately with no adjustments



FUTA tax must be deposited when the cumulative quarterly tax liability exceeds: correct answers$500.00



Employers can file the employment tax return annually (Form 944) if they anticipate their federal
employment tax liability will not exceed: correct answers$1,000.00



State unemployment returns are generally filed: correct answersquarterly



Form 1099 informational statements must be furnished to recipients no later than: correct
answersJanuary 31



In general, how often employees are paid and the method of payment are regulated by: correct
answersstate laws

, When employers are subject to both federal and state wage-hour laws, they must observe the law that:
correct answersis more favorable to the employee



The final due date for the 4th quarter 941 for employers that have paid all taxes in full and on time is:
correct answersFebruary 10



What should be withheld from a bonus in the year it is paid? correct answersFIT and FICA



How many days does an employer have to process data on a revised W-4? correct answers30 days



An employer is subject to FUTA requirements when its wage paid for the quarter exceed: correct
answers$1,500.00



For tax year 2020, the due date for filing paper forms with the SSA is: correct answersJanuary 31



On which form do employers report employees' gross taxable income? correct answersW-2



On which form do employers report income for non-employees? correct answers1099



Retail businesses that began operation prior to March 31, 1990 must abide by federal wage and hour law
if gross annual sales exceed? correct answers$362,500



Employers are required to turn unclaimed wages over to the state under: correct answersescheat law



Wages paid in May are reported on Form 941 that is filed by: correct answersJuly 31



How many years is an employer required to retain records of wages paid employees under federal wage
and hour law? correct answers3 years



How many years does the IRS require an employer to retain an Employee Withholding Certificate?
correct answers4 years

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller QUILLSKY. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $14.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

81113 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$14.49
  • (0)
  Add to cart