A payment plan where earnings are based on units produced. correct answerspiece rate plan
The third step in the accounting cycle, journalizing, can be compared to... correct answerskeeping a diary
The IRS Employer tax guide that is a valuable resource for preparing payroll is... correct answe...
A payment plan where earnings are based on units produced. correct answerspiece rate plan
The third step in the accounting cycle, journalizing, can be compared to... correct answerskeeping a diary
The IRS Employer tax guide that is a valuable resource for preparing payroll is... correct
answersPublication 15
OASDI Tax is also called... correct answersSocial Security Tax
HI is the acronym for... correct answersMedicare Tax
The Employee's Earnings Record is used to produce ___________ at the end of the year. correct
answersEmployee's W-2s
The more allowances an employee claims, the ____________ correct answersless Federal Income Tax
will be withheld.
Which of the following is a mandated benefit for employees. correct answersUnemployment Insurance
FMLA refers to the... correct answersFamily and Medical Leave Act
Each employee's W-2s are due to employees on or before... correct answersJanuary 31st of the following
year
Medicare is a two-part health insurance program that was part of an amendment to what act. correct
answersFederal Insurance Contributions Act (FICA)
, A quarterly federal tax return prepared by most employers is... correct answersForm 941
If an employer reported federal income tax and social security taxes of $50,000 or less in a lookback
period, then the employer is defined as a... correct answersmonthly depositor
A method available to calculate federal income tax withholding is... correct answersThe Wage Bracket
Method & The Percentage Method
Which of the following taxes are generally withheld from employees and then matched by employers.
correct answersOASDI and HI
Which of the following is not considered an employee of the business for which they work. correct
answersa partner
Interstate Commerce refers to... correct answerstrade that is confirmed to one state only
An IRS publication containing tax tables and other information about payroll is... correct answersCircular
E
This law is also called the Federal Wage and Hour. correct answersFLSA (Fair Labor Standards Act)
This part of the FICA act provides for social security benefits for self-employed persons. correct
answersSECA (Self-Employed Contributions Act)
This form is also known as the Wage & Tax Statement. correct answersForm W-2
Old Age & Survivor's Disability Insurance (OASDI) Tax is also called... correct answersSocial Security Tax
The Civil Rights Act of 1964 is entitled... correct answersEqual Employment Opportunity Act
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