payroll accounting final exam with precise detailed answers || || || || || || ||
Under the Equal Payroll Act - ✔✔wage differentials based on a senority system are allowed.
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The FICA tax rates to be paid by employers are: - ✔✔(OASDI) 6.2% (HI) 1.45%
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Under the Federal income tax withholding law,_________________ is not defined as an
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employee. - ✔✔a partner || || ||
The current minimum hourly wage is : - ✔✔7.25
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____________________________ payments are not taxable for FICA. - ✔✔wage supplements || || || || || || || || || ||
to cover the difference between employees salaries and their military pay.
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___________________________ form is used to notify the Payroll Department to add a new || || || || || || || || || || || || ||
employee to the payroll. - ✔✔hiring notice || || || || || ||
under the FLSA, regular rat of pay does not include : - ✔✔Vacation Pay
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A stated percentage of revenue paid an employee who transacts a piece of business or performs a
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service called: - ✔✔a Commission || || || ||
FICA defines all od the following as wages : - ✔✔Year end bonuses, stand by payments,
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employees S.S. tax paid by employers, and first six months of sick pay.
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the wages and hour divisions allows the practice of recording an employees starting and stopping
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time to : - ✔✔the nearest 5 minutes, 10th of an hour, or quarter of an hour.
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FICA defines all of the following as employees except: - ✔✔A partner
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Under the Equal Payroll Act - ✔✔wage differentials based on a senority system are allowed.
|| || || || || || || || || || || || || ||
The FICA tax rates to be paid by employers are: - ✔✔(OASDI) 6.2% (HI) 1.45%
|| || || || || || || || || || || || || ||
Under the Federal income tax withholding law,_________________ is not defined as an
|| || || || || || || || || || || ||
employee. - ✔✔a partner || || ||
The current minimum hourly wage is : - ✔✔7.25
|| || || || || || || ||
____________________________ payments are not taxable for FICA. - ✔✔wage supplements || || || || || || || || || ||
to cover the difference between employees salaries and their military pay.
|| || || || || || || || || ||
___________________________ form is used to notify the Payroll Department to add a new || || || || || || || || || || || || ||
employee to the payroll. - ✔✔hiring notice || || || || || ||
under the FLSA, regular rat of pay does not include : - ✔✔Vacation Pay
|| || || || || || || || || || || || ||
A stated percentage of revenue paid an employee who transacts a piece of business or performs a
|| || || || || || || || || || || || || || || || ||
service called: - ✔✔a Commission || || || ||
FICA defines all od the following as wages : - ✔✔Year end bonuses, stand by payments,
|| || || || || || || || || || || || || || || ||
employees S.S. tax paid by employers, and first six months of sick pay.
|| || || || || || || || || || || ||
the wages and hour divisions allows the practice of recording an employees starting and stopping
|| || || || || || || || || || || || || || ||
time to : - ✔✔the nearest 5 minutes, 10th of an hour, or quarter of an hour.
|| || || || || || || || || || || || || || || ||
FICA defines all of the following as employees except: - ✔✔A partner
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