Mastering payroll - Study guides, Class notes & Summaries

FICA - 40% FITW - 3% correct answersUnintentional misclassification as an independent contractor who fails to file form 1099-MISC - tax assessment for failure to withhold at FICA and FITW is equal to what percent? FICA - 20% FITW - 1.5% correct answersUnintentional misclassification as an independent contractor who files form 1099-MISC - tax assessment for failure to withhold at FICA and FITW is equal to what percent? SS-8 correct answersWritten determination from the IRS regarding an in...

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 emplo...

As of December 1, 2022 Joe's year-to-date wages are $145,700. On December 2, 2022, he is due wages of $2,00. How much FICA tax should the employer withhold from this payment? correct answers? 109.60 How many days after a full-time employee starts to work does an employer have to complete the I-9? correct answers3 Which form does an employee need to submit to obtain a Social Security card? correct answersSS-5 An employee works 48 hours in the workweek and is paid $9.00 per hour. How muc...

AIPB Mastering Payroll Exam With Questions And Answers @ 2024 ...

If an employer unintentionally misclassifies an employee as an independent contractor and files Form 1099-MISC, the tax assessment for failure to withhold federal income tax is equal to:  1.5% of the wage amount On which form are wages reported?  W-2 Due on for Employee copies January 31 If an employer wants s a written determination from the IRS on a worker's status, which form should it submit?  SS-8 When the common-law test is met, an individual is considered?  a...

Mastering Payroll For AIPB Certified Bookkeeper Test Questions With Complete Solution ...

Mastering Payroll Quizzes ACC 160 advanced book keeping applications

Additional Medicare Tax Ans: Effective 2013, additional medicare tax of .9% on wages in excess of $200k. No employee matching Constructive receipt Ans: When funds are actually made available to employees and they have access to them without substantial limitation EIN Ans: Employer Identification Number Escheat law Ans: State laws requiring that and individual's unclaimed assets or property including wages be submitted to the appropriate state agency FICA Ans: Federal Insurance Co...

If an employer unintentionally misclassifies an employee as an independent contractor and files Form 1099-MISC, the tax assessment for failure to withhold federal income tax is equal to: - 1.5% of the wage amount On which form are wages reported? - W-2 Due on for Employee copies January 31 If an employer wants s a written determination from the IRS on a worker's status, which form should it submit? - SS-8 When the common-law test is met, an individual is considered? - an employee ...

Mastering Payroll Quizzes ACC 160 advanced book keeping applications