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ATLS POST TEST T 2026/2027 EXAM ||LATEST VERSION!!!

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ATLS POST TEST T 2026/2027 EXAM ||LATEST VERSION!!!

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ATLS POST TEST T 2026/2027 EXAM ||LATEST VERSION!!!
During the current year, an employee repays wages paid in a
prior year. The payroll department should:


A. do nothing.
B. refund the federal income tax withheld to the employee.
C. advise the employee of the amount of repayments made
during the year.
D. adjust the repayments against current year wages. -
ANSWER-C. advise the employee of the amount of repayments
made during the year.


Sec 6.4


A company deposited $100,000.00 of its tax liability ten days
after the due date. What amount is the penalty for failure to
make timely deposits? - ANSWER-$5000.00


Sec 5.5


The primary purpose of batch controls is to:

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A. facilitate tax reporting.
B. make filing easier.
C. validate entry accuracy.
D. meet unemployment requirements. - ANSWER-C. validate
entry accuracy.


Sec 5.2


An employee earns $70,400.00 annually and contributes 10% to
a 401(k) plan. The employee claims Married and 2 allowances
on Form W-4. Using the Wage-Bracket Method, calculate the
annual amount of federal income, social security, and Medicare
taxes that must be withheld from the employee's 401(k)
contribution. - ANSWER-$538.56


Sec 3.6


An employee, claiming single with 0 allowances on Form W-4,
earns $50,000.00 annually, paid biweekly and contributes
$225.00 each payroll to a 403(b) plan. Using the Wage-Bracket

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Method, calculate the federal taxes to be withheld each payday
from the 403(b) contribution. - ANSWER-$17.21


Sec 3.6


If a state wage and hour law requires that timecards be retained
longer than the FLSA requires, which law is followed?


A. FLSA
B. State wage and hour law
C. Neither
D. Both - ANSWER-B. State wage and hour law


Sec 5.3


When calculating an employee's net pay, all of the following
amounts are subtracted from gross earnings EXCEPT:


A. federal income tax.
B. 401(k) contributions.

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C. cafeteria plan contributions.
D. taxable wages. - ANSWER-D. taxable wages.


Sec 2.8


An employee claims single with 0 allowances, earns $50,000.00
annually, is paid biweekly, and defers $550.00 each payroll to a
403(b) plan. Using the Wage-Bracket Method, calculate the
federal taxes to be withheld from the 403(b) contribution from
the first payroll of the year. - ANSWER-$42.08


Sec 3.6


An employee earns $63,700.00 annually, is paid biweekly, and
defers 2% to a 401(k) plan. The employee claims single and 1
allowance on Form W-4. Using the Wage-Bracket Method,
calculate the federal income, social security, and Medicare taxes
that must be withheld from the employee's annual 401(k)
deferral. - ANSWER-97.46


Sec 3.6

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