Fringe benefits Study guides, Study notes & Summaries

WGU C236 COMPENSATION AND BENEFITS | 180 Questions and Answers | VERIFIED The employment relationship is: A. An agreed-upon basis for organizations and people meeting each other's needs B. A disagreed-upon basis for organizations and people meeting each other's needs C. An agreed-upon basis for organizations and government meeting each other's needs D. None of the above - ANSWER A Organizations get work done through: A. Dollars B. Customers C. People D. Product - ANSWER C...

Verification Form I-9 must be completed by applicants providing proof of identity and employment eligibility within ______ of employment. - Answer 3 days What type of business is the easiest to establish and allows the owner to determine how profits are used although they are personally liable for all debt and assets? - Answer Sole Proprietorship A ______is a joint co-owner partnership established to specifically increase bonding and bidding capacities and profits. - Answer General P...

APHR Compensation and Benefits Compensation and Benefits - Answer ️️ -Also known as "total rewards" are management functions that are valuable to owners of a business, helpful to managers, and significantly important to employees, all collectively identified as stakeholders The Davis-Bacon Act - Answer ️️ --Applies to contractors and subcontractors working on federally funded or assisted contracts in excess of $2000 for the construction, alteration, or repair (including painting ...

Test Bank for Payroll Accounting 2023, 9th Edition 9e by Jeanette Landin and Paulette Schirmer. ISBN-13: 4962 Full Chapters test banks are included Chapter 1: Payroll Practices and System Fundamentals Chapter 2: Payroll System Procedures Chapter 3: Gross Pay Computation Chapter 4: Fringe Benefits and Voluntary Deductions Chapter 5: Employee Net Pay and Pay Methods Chapter 6: Employer Payroll Taxes and Labor Planning Chapter 7: The Payroll Register, Employees’ Earnings Records...

Verification Form I-9 must be completed by applicants providing proof of identity and employment eligibility within ______ of employment. 3 days What type of business is the easiest to establish and allows the owner to determine how profits are used although they are personally liable for all debt and assets? Sole Proprietorship A ______is a joint co-owner partnership established to specifically increase bonding and bidding capacities and profits. General Proprietorship Provisions of the A...

True or false: Foreign income you earned from wages or self-employment or any source from anywhere in the world is taxable for American citizens and most residents with certain exceptions - correct answer -True First exception for excluding foreign income - correct answer -An American residing outside the U.S. for most of the year can exclude $104,800 (2018; adjusted annually for inflation) on your income taxes These are the two caveats of being Able to exclude foreign income as an America...

CPP Practice Exam 208 Questions with Verified Answers From what taxes are cafeteria plan contributions generally exempt? A. SS, Medi, FIT, and FUTA B. FIT and SIT C. SS, Medi, FUTA, and SUI D. SS, Medi, FIT, and SIT - CORRECT ANSWER A. Social Security, Medicare, FIT, and FUTA Reference 4.5 Cafeteria Plans In which boxes on the W-2 would you report the adoption assistance? A. Boxes 3, 4, 5, 6 B. Boxes 1, 2, 3, 4, 5, 6, 12 - Code T C. Boxes 3, 4, 5, 6, 12 - Code A D. Boxes 3...

Payroll Exam 80 Questions with Verified Answers What is FICA? - CORRECT ANSWER -Federal Insurance Contributions Act -Made up of social security and medicare -levies taxes on all employees (even self-employed) 2020 Social Security Tax Rate - CORRECT ANSWER 6.2% of the first $137,700 in wages. Both employee and employer is 6.2%. Not subject to social security taxes if wages exceed this amount. This amount is DOUBLED for those who are self employed, 12.4% Medicare tax rate - CORRECT A...

Fundamental Payroll Cert Chap 4 Exam 62 Questions with Verified Answers 2019 The crucial distinction in the common law test between an employee and an independent contractor? - CORRECT ANSWER ERs amount of control over EE What IRS form is utilized in order to determine whether a worker is an employee or an independent contractor? - CORRECT ANSWER SS-8 ERs responsibility in regards to payroll include all the following except? a Paying (wages) b Withholding (taxes) c Reporting (file co...