Mastering Payroll exam 2024/2025 with 100% correct answers
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Course
Mastering Payroll
Institution
Mastering Payroll
How many days after a full-time employee starts to work does an employer have to complete the I-9? correct answers4 days
Which form does an employee need to submit to obtain a Social Security card? correct answersSS-5
Which form does an employer use to obtain an Employer Identification Number...
How many days after a full-time employee starts to work does an employer have to complete the I-9?
correct answers4 days
Which form does an employee need to submit to obtain a Social Security card? correct answersSS-5
Which form does an employer use to obtain an Employer Identification Number for depositing
employment taxes? correct answersSS-4
If on April 15, 2020, a state's minimum wage is $6.95 per hour, what is the minimum rate that interstate
employers in that state must pay employees? correct answers$7.25
At what rate must federal income tax be withheld for an employee who has not properly completed a W-
4? correct answerssingle or married filing separately with no adjustments
FUTA tax must be deposited when the cumulative quarterly tax liability exceeds: correct answers$500.00
Employers can file the employment tax return annually (Form 944) if they anticipate their federal
employment tax liability will not exceed: correct answers$1,000.00
State unemployment returns are generally filed: correct answersquarterly
Form 1099 informational statements must be furnished to recipients no later than: correct
answersJanuary 31
In general, how often employees are paid and the method of payment are regulated by: correct
answersstate laws
, When employers are subject to both federal and state wage-hour laws, they must observe the law that:
correct answersis more favorable to the employee
The final due date for the 4th quarter 941 for employers that have paid all taxes in full and on time is:
correct answersFebruary 10
What should be withheld from a bonus in the year it is paid? correct answersFIT and FICA
How many days does an employer have to process data on a revised W-4? correct answers30 days
An employer is subject to FUTA requirements when its wage paid for the quarter exceed: correct
answers$1,500.00
For tax year 2020, the due date for filing paper forms with the SSA is: correct answersJanuary 31
On which form do employers report employees' gross taxable income? correct answersW-2
On which form do employers report income for non-employees? correct answers1099
Retail businesses that began operation prior to March 31, 1990 must abide by federal wage and hour law
if gross annual sales exceed? correct answers$362,500
Employers are required to turn unclaimed wages over to the state under: correct answersescheat law
Wages paid in May are reported on Form 941 that is filed by: correct answersJuly 31
How many years is an employer required to retain records of wages paid employees under federal wage
and hour law? correct answers3 years
How many years does the IRS require an employer to retain an Employee Withholding Certificate?
correct answers4 years
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