payroll accounting final exam questions with answers,

payroll accounting final exam questions with
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answers

Under the Equal Payroll Act - CORRECT ANSWERS ✔✔wage
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differentials based on a senority system are allowed.
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The FICA tax rates to be paid by employers are: - CORRECT
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ANSWERS ✔✔(OASDI) 6.2% (HI) 1.45%
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Under the Federal income tax withholding law,_________________ is
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not defined as an employee. - CORRECT ANSWERS ✔✔a partner
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The current minimum hourly wage is : - CORRECT ANSWERS
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✔✔7.25


____________________________ payments are not taxable for FICA. - |\ |\ |\ |\ |\ |\ |\ |\


CORRECT ANSWERS ✔✔wage supplements to cover the
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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. - CORRECT
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ANSWERS ✔✔hiring notice
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under the FLSA, regular rat of pay does not include : - CORRECT
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ANSWERS ✔✔Vacation Pay
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