ACC Final Exam Questions And Correct Detailed Answers Guaranteed Pass.
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Course
ACC.
Institution
ACC.
What is the accounting equation? - correct answer Assets = Liabilities + Owner's Equity
Revenues will increase ___ and will increase ___ - correct answer -assets
-owners (stock holders) equity
Expenses paid with cash will decrease ___ and will decrease ___. - correct answer -a...
Which of the following statements about the W-4 form is TRUE? (select all that apply)
a. The purpose of the form is to provide employees with reported wage and salary information
b. This form is given to employees every January
c. This form is given to employees on their first day on the job
d. The purpose of the form is to let employers know how much money to withhold from an employee's
paycheck for taxes - correct answer c. This form is given to employees on their first
day on the job
d. The purpose of the form is to let employers know how much money to withhold from an employee's
paycheck for taxes
Miguel has been working at his job for 3 years and already filled out a W-4 when he was first hired. This
year, he just got married and is planning on filing his taxes jointly with his spouse. What should he do?
a. Email his HR department that they need to update his W-4
b. Keep the same information on his W-4
c. Request to fill out a new W-4 from his employer
d. Wait until next April to fill out a new W-4 - correct answer c. Request to fill out a
new W-4 from his employer
You will need to include all of the following information on a W-4 form EXCEPT...
a. Name and address
b. Earned income from previous job
c. Social Security number
d. Marital status - correct answer b. Earned income from previous job
You recently accepted a new job and your first day is next week. What form will you have to complete
before you receive your first paycheck?
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