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payroll accounting final exam 2024/2025 with 100% correct answers
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Under the Equal Payroll Act correct answerswage differentials based on a senority system are allowed. The FICA tax rates to be paid by employers are: correct answers(OASDI) 6.2% (HI) 1.45% Under the Federal income tax withholding law,_________________ is not defined as an employee. correct an...

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  • September 17, 2024
  • 3
  • 2024/2025
  • Exam (elaborations)
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  • payroll accounting final exam

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payroll accounting final exam
Under the Equal Payroll Act correct answerswage differentials based on a senority system are allowed.



The FICA tax rates to be paid by employers are: correct answers(OASDI) 6.2% (HI) 1.45%



Under the Federal income tax withholding law,_________________ is not defined as an employee.
correct answersa partner



The current minimum hourly wage is : correct answers7.25



____________________________ payments are not taxable for FICA. correct answerswage supplements
to cover the difference between employees salaries and their military pay.



___________________________ form is used to notify the Payroll Department to add a new employee
to the payroll. correct answershiring notice



under the FLSA, regular rat of pay does not include : correct answersVacation Pay



A stated percentage of revenue paid an employee who transacts a piece of business or performs a
service called: correct answersa Commission



FICA defines all od the following as wages : correct answersYear end bonuses, stand by payments,
employees S.S. tax paid by employers, and first six months of sick pay.



the wages and hour divisions allows the practice of recording an employees starting and stopping time to
: correct answersthe nearest 5 minutes, 10th of an hour, or quarter of an hour.



FICA defines all of the following as employees except: correct answersA partner

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