Payroll and taxes quiz - Study guides, Class notes & Summaries

FPC Exam Chapter 1 Questions & Answers Challenges to payroll 1. Complexity = Federal, state and local laws change frequently and must be incorporated into company policies 2. Communication = clear, consise payroll information 3. Technology = software, equipment and web-based applications can enhance payroll process (automatic time keeping, record storage and retrieval) 4. Accuracy = employee's pay, tax filing, management of reports, etc. Employees vs. Independent Contractors...

QuickBooks Quiz Chapter 8 (2022/2023) Already Passed The company that hires the workers is referred to as the employer A(n) ____ is the person hired by a company who will receive salary or wages on a regular basis. employee Payroll involves all of the following except preparing a spreadsheet with government agencies names and addresses. Withholdings generally refer to the payroll taxes the employer is required to take out of the employee's paycheck and submit to the appropriate governme...

FPC Quiz 2 Questions & Answers When an employee has a single charitable contribution deducted from their pay, in order to take the deduction on their personal income tax return, they must have documentation from the employer and the charitable organization if the contribution is greater than: a) $50 b) $100 c) $250 d) any dollar amt c) $250 i put B The Internal Revenue Code requires taxpayers who make charitable contributions of $250 or more through a payroll deduction obtain writt...

PHR/SPHR Human Resources Exam 120 Questions with Verified Answers HR participates in the strategic planning process by which of the following? - CORRECT ANSWER C. Providing expertise Restructuring is used to do which of the following? - CORRECT ANSWER A. Remove redundant operations A statement that describes what an organization does that is different from others is a: - CORRECT ANSWER D. Mission statement Which of the following options is one characteristic of an organization during...

FPC Module 3 Quiz Questions plus Answers When would an employee have negative net pay? a) Taxes exceed other deductions b) Total deductions exceed gross wages c) Involuntary deductions exceed voluntary deductions d) Gross wages exceed total deductions Submit b) Total deductions exceed gross wages An employee's total deductions may exceed their gross wages, which results in negative net pay. (module 3 Lesson 2)v= M3L2 An exempt employee earns $1,430.00 semimonthly. The em...

CMS Quiz 46 Questions with Verified Answers Medicare - CORRECT ANSWER true social insurance and paid medicare tax for at least 10 years medicare covers - CORRECT ANSWER old people over 65 and some disabled individuals disabilities covered by medicare - CORRECT ANSWER ALS, chronic kidney (renal) disease, receive disability benefits from social security part a - CORRECT ANSWER hospital stays, short-term home health after hospitalization, and hospice care part a limitations - CORRECT...

QuickBooks Quiz Chapter 8 (2022/2023) Already Passed The company that hires the workers is referred to as the employer A(n) ____ is the person hired by a company who will receive salary or wages on a regular basis. employee Payroll involves all of the following except preparing a spreadsheet with government agencies names and addresses. Withholdings generally refer to the payroll taxes the employer is required to take out of the employee's paycheck and submit to the appropriate governme...

Payroll Basic CHAPTER 7 QUIZ 20 Questions with Verified Answers REVENUE QUEBEC - CORRECT ANSWER Contributions to the Workforce Skills Development and Recognition Fund and the Commission des Normes Du Travail are collected by? SUBORDINATION IN THE PERFORMANCE OF WORK - CORRECT ANSWER The most important criterion used by Revenu Quebec in determining whether a worker is an employee or is self-employed in Quebec? IN RECEIPT OF RETIREMENT PENSION UNDER QUEBEC OR CPP, NOT IN RECEIPT OF DISABI...

AIS Quiz 1 Ch 1 Questions and Answers correct Define an Accounting Information System A system that collects, records, stores, and processes data to produce information for decision makers. It includes people, procedures and instructions, data, software, information technology infrastructure, and internal controls and security measures. What are the 6 components of an AIS? The people who use the system, procedures and instructions used to collect-process-store the data, data about the ...

HSM 543 Health Services Finance Week 1 Quizzes July 2022 . Week 1 Quiz 1. Question : (TCO A) The purpose of financial accounting is to provide information to _____. Student Answer: external users lenders suppliers the government All of the above Instructor Explanation: See Chapter 1, page 5. Points Received: 5 of 5 Comments: Question 2. Question : (TCO A) The most important objective of healthcare financial management is to _____. Student Answer: determine the tax status of the org...