Aipb mastering payroll - Study guides, Class notes & Summaries

AIPB Mastering Payroll Exam With Questions And Answers @ 2024 ...

If an employer unintentionally misclassifies an employee as an independent contractor and files Form 1099-MISC, the tax assessment for failure to withhold federal income tax is equal to:  1.5% of the wage amount On which form are wages reported?  W-2 Due on for Employee copies January 31 If an employer wants s a written determination from the IRS on a worker's status, which form should it submit?  SS-8 When the common-law test is met, an individual is considered?  a...

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...

Mastering Payroll For AIPB Certified Bookkeeper Test Questions With Complete Solution ...

Additional Medicare Tax Ans: Effective 2013, additional medicare tax of .9% on wages in excess of $200k. No employee matching Constructive receipt Ans: When funds are actually made available to employees and they have access to them without substantial limitation EIN Ans: Employer Identification Number Escheat law Ans: State laws requiring that and individual's unclaimed assets or property including wages be submitted to the appropriate state agency FICA Ans: Federal Insurance Co...

If an employer unintentionally misclassifies an employee as an independent contractor and files Form 1099-MISC, the tax assessment for failure to withhold federal income tax is equal to: - 1.5% of the wage amount On which form are wages reported? - W-2 Due on for Employee copies January 31 If an employer wants s a written determination from the IRS on a worker's status, which form should it submit? - SS-8 When the common-law test is met, an individual is considered? - an employee ...