From which of the following taxes are statutory workers' compensation payments
exempt?
a. FIT only
b. FICA only
c. FUTA only
d. FIT, FICA, and FUTA taxes
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, d. FIT, FICA, and FUTA taxes
An EE covered by group health insurance at the time his employment terminates to
return to school is entitled to COBRA continuation rights for:
a. 12 months
b. 18 months
c. 24 months
d. 30 months
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b. 18 months
A request for proposal (RFP) can be used to:
a. provide vendors with technical and functional system requirements
b. request funds during a budget process
c. analyze needs for the system
d. assign programming resources to enhance functionality
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a. provide vendors with technical and functional system requirements
Techniques for conducting periodic physical payouts:
a. are the same for all EEs
b. vary by whether the EE is paid by check or direct deposit
,c. vary for some EEs such as telecommuters
d. vary by wage class and compensation level
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a. are the same for all EEs
Which of the following authorities dictates the information provided on a payroll check
stub:
a. individual states
b. Federal Unemployment Tax Act
c. Federal Wage and Hour Division
d. Social Security Administration
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a. individual states
All of the following practices are acceptable to an external auditor EXCEPT:
a. the accounting dept reconciling the payroll checking account
b. the payroll supervisor verifying that deposits are made timely
c. storage of blank payroll checks in the payroll dept
d. the treasury dept being responsible for the signature of payroll checks
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c. storage of blank payroll checks in the payroll dept
, Which of the following features 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
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d. system edits
All of the following types of compensation are subject to social security tax EXCEPT:
a. tips under $100
b. deferred bonus
c. third-party sick pay up to $3,000
d. workers' compensation benefits
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d. WC benefits
The process of balancing multiple time sheets within a specified pay period utilizes a
procedure known as:
a. batch totaling
b. excepting reporting
c. system documentation
d. reconciliation
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exempt?
a. FIT only
b. FICA only
c. FUTA only
d. FIT, FICA, and FUTA taxes
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, d. FIT, FICA, and FUTA taxes
An EE covered by group health insurance at the time his employment terminates to
return to school is entitled to COBRA continuation rights for:
a. 12 months
b. 18 months
c. 24 months
d. 30 months
Give this one a try later!
b. 18 months
A request for proposal (RFP) can be used to:
a. provide vendors with technical and functional system requirements
b. request funds during a budget process
c. analyze needs for the system
d. assign programming resources to enhance functionality
Give this one a try later!
a. provide vendors with technical and functional system requirements
Techniques for conducting periodic physical payouts:
a. are the same for all EEs
b. vary by whether the EE is paid by check or direct deposit
,c. vary for some EEs such as telecommuters
d. vary by wage class and compensation level
Give this one a try later!
a. are the same for all EEs
Which of the following authorities dictates the information provided on a payroll check
stub:
a. individual states
b. Federal Unemployment Tax Act
c. Federal Wage and Hour Division
d. Social Security Administration
Give this one a try later!
a. individual states
All of the following practices are acceptable to an external auditor EXCEPT:
a. the accounting dept reconciling the payroll checking account
b. the payroll supervisor verifying that deposits are made timely
c. storage of blank payroll checks in the payroll dept
d. the treasury dept being responsible for the signature of payroll checks
Give this one a try later!
c. storage of blank payroll checks in the payroll dept
, Which of the following features 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
Give this one a try later!
d. system edits
All of the following types of compensation are subject to social security tax EXCEPT:
a. tips under $100
b. deferred bonus
c. third-party sick pay up to $3,000
d. workers' compensation benefits
Give this one a try later!
d. WC benefits
The process of balancing multiple time sheets within a specified pay period utilizes a
procedure known as:
a. batch totaling
b. excepting reporting
c. system documentation
d. reconciliation
Give this one a try later!