Payroll and taxes exam - Study guides, Class notes & Summaries

Payroll compliance legislation final Exam Chapters 5-9|76 Questions with Verified Answers The Ontario Health Premiums are calculated based on - CORRECT ANSWER employee earnings in excess of $20,000.00 Which of the following provinces funds its health care coverage through premiums? - CORRECT ANSWER British Columbia Newfoundland and Labrador fund their health care systems through: - CORRECT ANSWER employer tax If a province funds their health care systems through the regular tax base,...

CPP Certified Payroll Professional APA Master Exam Practice | Questions and Correct Answers | Latest Update 2024/2025 Form SS-8 - Answer -Determination of Worker Status for Purposes of Federal Employment Taxes and Income Tax Withholding Form W-9 - Answer -First, it is used by third parties to collect identifying information to help file information returns with the IRS. The form is never actually sent to the IRS, but is maintained by the person who files the information return for veri...

The Payroll Source CPP Practice Exam 100 Questions with Verified Answers Which of the following is LEAST likely to be considered when looking at the security of a new payroll system? A. regular data back-up and storage B. protection against computer viruses C. limited system access D. system edits - CORRECT ANSWER D. system edits Company deadlines for payroll data input documents are essential for: A. timely processing of the payroll B. accurate entry of data C. guaranteeing that al...

Virginia life and Health Final Exam Questions and Answers 100% Pass Insurable inter in one's own life is legally considered as Generally unlimited Where dose the primary funding for medical part A come from? Federal payroll and self employment taxes What would be a valid reason for naming a trust as the beneficiary of a life insurance policy as opposed to naming an individual? Management of proceeds would be provided Virginia requires that an agent must complete___ hours of conti...

Chapter 1 - 5 Payroll Accounting Exam Questions With Correct Answers Geographic dispersion Multiple departments Increased task variation. - answerSelect All that Apply: Which of the following are payroll-related issues that large companies may experience? According to FMLA, during the time that an employee is on family leave: - answerThe employer is responsible for alerting the employee to changes in processes and benefits. The Age Discrimination in Employment Act prohibits - answerdiscrim...

Payroll Exam 6 Questions and Answers 100% Pass Do federal tax levies take a secondary priority to child support order wage withholdings in the garnishment process? True Is the payroll register used to gather information needed for journal entries that record wages earned, wage deductions, and net pay each payday? True Do computerized payroll systems still require manual posting of payroll journal entries to the general ledger? False Is the payroll register utilized by employers...

Payroll Final Exam Questions and Answers Already Passed Does the payroll register typically include a separate section for recording employer payroll taxes? No, typically the payroll register does not have a separate column for employer payroll taxes. Is the payroll register used by employers to track an employee's accumulated wages? No, the payroll register is not used for tracking accumulated wages of employees. Are deductions from gross pay in the payroll register reflected on t...

CPP CERTIFIED PAYROLL PROFESSIONAL APA MASTER EXAM 2024 Form SS-8 - correct answer Determination of Worker Status for Purposes of Federal Employment Taxes and Income Tax Withholding Form W-9 - correct answer First, it is used by third parties to collect identifying information to help file information returns with the IRS. The form is never actually sent to the IRS, but is maintained by the person who files the information return for verification purposes. The information on the F...

Payroll compliance legislation final Exam Chapters 5-9|76 Questions with Verified Answers The Ontario Health Premiums are calculated based on - CORRECT ANSWER employee earnings in excess of $20,000.00 Which of the following provinces funds its health care coverage through premiums? - CORRECT ANSWER British Columbia Newfoundland and Labrador fund their health care systems through: - CORRECT ANSWER employer tax If a province funds their health care systems through the regular tax base,...

Principles of Accounting I/Payroll & Payroll Taxes/Final Exam/Study-Guide Questions with Complete Solutions How is a pay period defined? a. Monthly b. Weekly c. Bi-weekly d. All of the above are correct ANSWER: d What does gross earnings include? a. Regular earnings only b. Net earnings c. Regular earnings plus overtime earnings d. Net earnings plus overtime earnings ANSWER: c Which document provides detailed information on the weekly payroll for all employees? a. W-4 b. Emp...