A superintendent of schools who will be 49 years of age on Dec 31 2020 earns $100,000. his school district has a 403b plan. what is the maximum that he can contribute to this plan before taxes in 2020?
Under the FLSA, what type of pay is included in a nonexempt employee's regular rate of pay calculation?
You receive a letter of inquiry concerning an employee. What should you do?
For a payment after the employees death in the year AFTER the death, what taxes, if any, will be withheld?
During thanksgiving week, a nonexempt employee was paid for the following hours:
sun- none
mon- 10 hours worked
tues- 10 hrs work
weds- 8 hr sicks day
thurs- 8 hr holiday
fri-8 hr vacation
sat- 8 hr work
How many overtime hours, if any, did the ee work?
All of the following types of records can be combined with payroll data in an integrated system except:
Under which type of plans are employee contributions subject to social security and medicare taxes?
Payroll documentation accomplishes all of the following goals EXCEPT:
When an employee is overpaid and the repayment occurs in the same year, the repayment requested is the employee's
Which of the following types of accumulators, which one accumulates values over a period of time?
When supplemental wages are paid at the same time as regular wages, how are withholding taxes computer?
All of the following issues are concerns of external auditors except:
Would each of the following entries be posted in the account as a debit (DR) or credit (CR)?
All of the following statements about FLSA overtime regulations are true EXCEPT:
What is the effect on an employees income when the employer pays that employees share of social security and medicare taxes on a fringe benefit?
A company is a monthly depositer for 2020. on payday, the company accumulates apayroll tax liability of $101,000. the payroll tax deposits for this liability must be made:
Under what conditions can an employee claim exemption from withholding on form W4?
An employee works from midnight to 8am on a company paid holiday but does not work more than 40 hours during the workweek. under the FLSA, the employee must be paid:
An employee earns $40,000 annually. claiming single with no entries on lines 2,3, or 4 on her 2020 form W4, she contributes $6,000 annually to her 401k. How much must be withheld for federal income tax, social security, and or medicare tax on contribution?
Last week, a high school teacher spent 40 hours in the classroom, worked 10 hours grading papers and was required to put in another 8 hours on saturday at the school sponsored science fair. under the FLSA, what overtime hours, if any, must the teacher be paid?
All of the following statements are correct regarding online processing EXCEPT:
The owners of a company want to set up a retirement program for themselves, but do not want to make contributions on behalf of their employees. all of their employees are under age 30. What can they do?
Under the FLSA, an employee's workday is defined as:
For a payment after the employee's death in the year of the death, what taxes, if any, will be withheld?
Salaries earned but not yet paid in the current month must be recorded as:
All of the following types of payments are included in the regular rate of pay calculation except:
An employer contributes $200 per month to an employee cafeteria plan. the pretax medical/dental package that she has chosen costs $250 per month. she contributes the extra $50 for this benefit plan. payroll must withhold:
Which of the following statements is correct regarding section 125 plans?
The integrity of the data can be verified by:
hat type of pay is included in the regular rate of pay calculation?
Which of the following records must be kept for 4 years:
Which of the following amounts is used when calculating an employee's gross up?
Actions that control the staff in order to protect the company against fraud include all of the following except:
For her 10 years of service, an employee was given a gold necklace valued at $100. Which of the following is true?
A retired safety inspector for the company was rehired as a consultant when the company expanded its plant operations. the retired employee was a natural choice. the tasks he undertook as a consultant were the same as the ones he performed before retirement. paid monthly, he has agreed to work under the direction of his old boss until the new plantfacilitates are fully operational? What is his status?
Payroll documentation accomplishes all of the following EXCEPT:
when does an employer stop deducting a federal tax levy from an employee's wages?