A Tipped Employee is an employee who regularly receives what minimum amount in tips
per month?
A. $40
B. $30
C. $50
D. $20
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B. $30 a month in tips
RATE:
TIP WAGE/CREDIT
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$2.13 / $5.12
Where do taxable Medicare wages get reported?
A. On line 5c of Form 941
B. On line 2 of Form 941
C. In box 3 of Form W-2
D. In Part 1 of Form 940
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A. On line 5c of Form 941
A company has current assets of $150,000.00, other assets of $140,000.00, revenue of
$590,000.00, expenses of $430,000.00, current liabilities of $105,000.00, and long-term
liabilities of $135,000.00. What is the company owner's equity?
,A. $45,000.00
B. $50,000.00
C. $210,000.00
D. $55,000.00
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B. $50,000.00
BOX 12 CODE:
Employer contributions to a Health Savings Account
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W
Which of the following must be obtained from new EEs?
A. Social Security Card
B. W-4
C. I-9
D. W-2
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A. Social Security Card
, PAYROLL TAX FORM:
1099-LTC
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LONG-TERM CARE AND ACCELERATED DEATH BENEFITS
A payer, i.e. Ins Co, must give this form to an individual for payments made
under a long-term care insurance contract or for accelerated death benefits.
Payments include those made directly to the individual and those made to
third partes.
34) Wages paid after the year of death are subject to what withholding taxes?
A. Social Security, Medicare, Federal income tax and FUTA
B. Social Security, Medicare and FUTA
C. Social Security, Medicare
D. None
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D
When an ER compensates an EE with restricted stock, when is the compensation
taxable?
A. When the EE sells the stock
B. At the end of the next quarter
per month?
A. $40
B. $30
C. $50
D. $20
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B. $30 a month in tips
RATE:
TIP WAGE/CREDIT
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$2.13 / $5.12
Where do taxable Medicare wages get reported?
A. On line 5c of Form 941
B. On line 2 of Form 941
C. In box 3 of Form W-2
D. In Part 1 of Form 940
Give this one a try later!
A. On line 5c of Form 941
A company has current assets of $150,000.00, other assets of $140,000.00, revenue of
$590,000.00, expenses of $430,000.00, current liabilities of $105,000.00, and long-term
liabilities of $135,000.00. What is the company owner's equity?
,A. $45,000.00
B. $50,000.00
C. $210,000.00
D. $55,000.00
Give this one a try later!
B. $50,000.00
BOX 12 CODE:
Employer contributions to a Health Savings Account
Give this one a try later!
W
Which of the following must be obtained from new EEs?
A. Social Security Card
B. W-4
C. I-9
D. W-2
Give this one a try later!
A. Social Security Card
, PAYROLL TAX FORM:
1099-LTC
Give this one a try later!
LONG-TERM CARE AND ACCELERATED DEATH BENEFITS
A payer, i.e. Ins Co, must give this form to an individual for payments made
under a long-term care insurance contract or for accelerated death benefits.
Payments include those made directly to the individual and those made to
third partes.
34) Wages paid after the year of death are subject to what withholding taxes?
A. Social Security, Medicare, Federal income tax and FUTA
B. Social Security, Medicare and FUTA
C. Social Security, Medicare
D. None
Give this one a try later!
D
When an ER compensates an EE with restricted stock, when is the compensation
taxable?
A. When the EE sells the stock
B. At the end of the next quarter
