Wage determination - Study guides, Class notes & Summaries

What is the 1st offense penalty for engaging in the practice of residential building without a license? - Answer Not less than $5K and not more than $25K and/or 1 year What is the penalty for engaging in the practice of residential building, resulting in a death? - Answer Not less than $5K and not more than $50K and/or 4 years On your individual builder's license application, what should you write as your "business address"? - Answer Your personal address What is the cost of the indi...

CPCM 17 Test Questions and Answers All Correct The Service Contract Act - Answer-This legislation requires contractors and subcontractors performing services on covered federal or District of Columbia contracts over a certain dollar threshold to pay service employees in various classes no less than the monetary wage rates and to furnish fringe benefits found prevailing in the locality or in a collective bargaining agreement: service Contract Act and Davis-Bacon Act - Answer-A determination b...

Factors influencing demand for labour - ANSWERSDemand for final product - if rise in output > increase in productivity Relative productivity of labour to capital - substitution effect £3,000 subsidy for hiring unemployed 18-24 y.o. = half UK's youth minimum wage Factors influencing supply of labour - ANSWERSCost of living Cost of gaining skills UK uni fees capped at £9,250 per year Number of workers UK raises state pension age from 67 to 68 Market failures in labour marke...

Compensation correct answers all forms of financial returns and tangible services and benefits that employees receive as part of an employment relationship Views on compensation correct answers society, stockholder, manager, or employee Societal view on compensation correct answers some people view pay as a measure of justice (e.g., gender wage gap) economists have identified a number of contributing factors to wage determination, including human capital, demographic characteristics, and ...

Complete Solutions Manual for Essentials of Economics, 5th Edition by Stanley L. Brue, Campbell R McConnell, Sean Masaki Flynn ; ISBN13: 9781265350642. Full Chapters included Chapter 1 to 18. Questions and Problems Answers included. Chapter 1: Limits, Alternatives, and Choices. Chapter One Appendix: Graphs and Their Meaning. Chapter 2: The Market System and the Circular Flow. Chapter 3: Demand, Supply, and Market Equilibrium. Chapter Three Appendix: Additional Examples of Supply and Demand....

FICA - 40% FITW - 3% correct answersUnintentional misclassification as an independent contractor who fails to file form 1099-MISC - tax assessment for failure to withhold at FICA and FITW is equal to what percent? FICA - 20% FITW - 1.5% correct answersUnintentional misclassification as an independent contractor who files form 1099-MISC - tax assessment for failure to withhold at FICA and FITW is equal to what percent? SS-8 correct answersWritten determination from the IRS regarding an in...

Form SS-8 - Determination of Worker Status for Purposes of Federal Employment Taxes and Income Tax Withholding Form W-9 - First, it is used by third parties to collect identifying information to help file information returns with the IRS. The form is never actually sent to the IRS, but is maintained by the person who files the information return for verification purposes. The information on the Form W-9 and the payment made are reported on a Form 1099. The second purpose is to help the pa...

CLC 059 question and answer ,graded A+, latest updated Who decides which post-award contract administrative functions will be delegated and which will be retained by the contracting officer who awarded the contract? Procuring contracting officer (PCO) "Bloom. LLC was recently awarded a $2 million contract for website enhancement services that was set aside for Historically Underutilized Business Zone (HUBZone) small businesses. Bloom's owner recently asked you which of the following ...

SHRM CP Exam Questions with Correct Answers What is a direct cost of turnover for the loss of a key account sales rep? - Answer-Recruitment fees What can we learn from observing how organizations manage change? - Answer-The way an organization responds to change is a good predictor of success What is the basis of civil law? - Answer-Legislative acts An organization's state mandates a $2.00 per hour increase in the min wage. As the company is implementing this change, new hires will no...

Certified Payroll Professional Exam 120 Questions with Verified Answers Form SS-8 - CORRECT ANSWER Determination of worker status for purpose of federal employment taxes and income tax withholding. Can be filled out by the business or worker. Form W-4 - CORRECT ANSWER Employees withholding allowance certificate. Documents the amount of federal tax withholding. Form SS-4 - CORRECT ANSWER Application for employer identification number. Form 8233 - CORRECT ANSWER Exemption from withhold...