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CHFP STUDY SET - DISBURSEMENT FUNCTION EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS GRADED A++ $9.49   Add to cart

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CHFP STUDY SET - DISBURSEMENT FUNCTION EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS GRADED A++

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CHFP STUDY SET - DISBURSEMENT FUNCTION EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS GRADED A++ Payroll forms I-9 Employment Eligibility Verification: Citizen? W-4: Allowances SS8 Determination of Worker Status W-2 Wage and Tax Statement 1099 Misc Income Annualized Method for FTE Calcul...

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  • November 7, 2024
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  • 2024/2025
  • Exam (elaborations)
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CHFP STUDY SET - DISBURSEMENT FUNCTION EXAM

QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS

GRADED A++

Payroll forms

I-9 Employment Eligibility Verification: Citizen?

W-4: Allowances

SS8 Determination of Worker Status

W-2 Wage and Tax Statement

1099 Misc Income

Annualized Method for FTE Calculation

The equivalent of one 2,080-hour employee. productive only for 239 days (or 1,912

hours) when weekends, holidays and unproductive time is removed.

Scheduled Position Method for FTE Calculation

Often used for a position that requires more or less than 40 hours to fill. Add up the

hours in a week to fill the position, then divide by 40.

2/10 N/30

two 10 net 30 - if payment received within 10 days, 2% is deducted from bill, otherwise,

the total is due in 30 days.

Uses for accounts payable checks

payment for invoices for items purchased without a purchase order

petty cash payments

business travel and meal reimbursement

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