AIPB Mastering Payroll Questions and Correct Answers | Latest Update
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Course
AHIP
Institution
AHIP
If an employer unintentionally misclassifies an employee as an independent contractor and
files Form 1099-MISC, the tax assessment for failure to withhold federal income tax is equal
to:
1.5% of the wage amount
On which form are wages reported?
W-2
Due on for Employee copies Januar...
Best Grades | Must Pass | Latest Update | Correct Answers | 2024/ 2025
AIPB Mastering Payroll Questions and
Correct Answers | Latest Update
If an employer unintentionally misclassifies an employee as an independent contractor and
files Form 1099-MISC, the tax assessment for failure to withhold federal income tax is equal
to:
1.5% of the wage amount
On which form are wages reported?
W-2
Due on for Employee copies January 31
If an employer wants s a written determination from the IRS on a worker's status, which form
should it submit?
SS-8
When the common-law test is met, an individual is considered?
an employee
Nonemployee compensation is reported on Form:
1099-MISC
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, Best Grades | Must Pass | Latest Update | Correct Answers | 2024/ 2025
Employer payments to employees for services rendered are called
wages
Employer payments to independent contractors are made as ordinary
payments
A taxpayer identification number supplied by an independent contractor may be either an
individual's ___________ ____________ number or a company's _____________
___________ number.
social security , employer ID
If an employer wishes to obtain a written determination from the IRS regarding an individual's
worker status, it can submit Form _________________.
SS-8
While an employer is waiting for a written determination of an individual's worker status from
the IRS, it should treat the individual as (a, an) __________________________
employee
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, Best Grades | Must Pass | Latest Update | Correct Answers | 2024/ 2025
If an employer unintentionally misclassifies an employee as an independent contractor and
also fails to file Form 1099-MISC, the tax assessment for failure to withhold FICA tax is equal
to what percentage of the employee's portion of Social Security and Medicare tax?
40%
FLSA
Fair Labor Standards Act , which is enforced by the U.S. Department of
Labor, Wage and Hour Division. Employers covered by the FLSA are
requited to pay a minimum hourly wage and overtime rate to all covered
employees. The FLSA defines the hours of work for which employees must
be paid.
For 2015, if a nonemployee fails to provide a TIN and is paid $400 or more for the year,
what is the required federal backup withholding tax rate that the employer must use?
28%
The FLSA is silent on matters concerning the method and ____________ of wage payments.
frequency
Generally, businesses that began operations after March 31, 1990, must comply with the
FLSA if gross annual sale exceed $__________.
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