Payroll Management, Finance And Accounting

Question: The term "piece rate plan" refers to ______________.
A
a compensation plan in which the employee earns a percentage of sales

B
a compensation plan in which employees are paid based on units produced

C
termination pay

D
an agreement to pay an employee a set amount, regardless of hours worked

Note: Answer not sure
1. Report
Question: What does the acronym SUTA stand for?
A
Special Unemployment Tax Act

B
State Unemployment Taxation Analysis

C
Special Unemployment Taxation Analysis

D
State Unemployment Tax Act

Note: Answer not sure
1. Report
Question: The term "percentage method of withholding" refers to ______________.
A
the amount of unemployment tax to be withheld

B
a federal income tax withholding method that applies a formula with both fixed and variable components to the wage amounts

C
minimum wage rates

D
a federal income tax withholding method that takes into account gross earnings, payroll period, marital status, and number of withholding allowances

Note: Answer not sure
1. Report
Question: The term "contribution report" refers to ______________.
A
an annual report sent to employees listing how much they made per month

B
a quarterly state unemployment tax return that applies an experience rating percentage to gross wages to compute the quarterly tax

C
an annual report sent to the IRS on behalf of the employee

D
an internal document given to employees each payroll period

Note: Answer not sure
1. Report
Question: The term "bona fide occupational qualification" refers to _______________.
A
the Equal Pay Act

B
a qualification that allows an employer to hire based on race, religion, or gender

C
a qualification that forces employers to hire based on race, religion, or gender

D
a qualification that does not allow an employer to hire based on race, religion, or gender

Note: Answer not sure
1. Report
Question: Who issues an EIN to a company?
A
FASB

B
IRS

C
Federal government

D
State government

Note: Answer not sure
1. Report
Question: Who controls the regulations for the timing of payment of wages?
A
Federal government

B
State government

C
City government

D
Municipal government

Note: Answer not sure
1. Report
Question: Are meals provided on the company's premises subject to employment taxes as a benefit?
A
Yes

B
No

C
Depends on employee job

D
Depends on state

Note: Answer not sure
1. Report
Question: The Equal Pay Act ____________________.
A
outlawed the practice of paying people different amounts based on gender

B
states that all employees must be paid the same rate for the same position

C
states that all companies must pay their executives the same amount

D
states that all underage children must be paid less than the minimum wage

Note: Answer not sure
1. Report
Question: How are FUTA taxes recorded at the time of payroll?
A
As revenue

B
As a liability

C
As an asset

D
As equity

Note: Answer not sure
1. Report

First Prev 3 4 5 6 7 Next Last

Question: The term "piece rate plan" refers to ______________.

Question: What does the acronym SUTA stand for?

Question: The term "percentage method of withholding" refers to ______________.

Question: The term "contribution report" refers to ______________.

Question: The term "bona fide occupational qualification" refers to _______________.

Question: Who issues an EIN to a company?

Question: Who controls the regulations for the timing of payment of wages?

Question: Are meals provided on the company's premises subject to employment taxes as a benefit?

Question: The Equal Pay Act ____________________.

Question: How are FUTA taxes recorded at the time of payroll?