Finance And Accounting

Question: What is Form W3?
A
A detailed version of Form W2

B
An annual tax filing form for private corporations

C
A form filed with the Social Security Administration summarizing all employee W2s

D
The same as Form 941

Note: Answer not sure
1. Report
Question: The Fair Labor Standards Act of 1938 __________________.
A
established equal employment laws for women and children

B
abolished slave labor

C
Set standard wages for hours worked

D
Set the minimum wage at $8 per hour

Note: Answer not sure
1. Report
Question: Which of the following is a major payroll processor?
A
ADP

B
IRS

C
FASB

D
SEC

Note: Answer not sure
1. Report
Question: The term "incentive payment plan" refers to _______________.
A
regular wage payments

B
a compensation plan based on company performance

C
another name for termination pay

D
a compensation plan in which employees earn more when they reach certain goals

Note: Answer not sure
1. Report
Question: The term "cumulative method of withholding" refers to ______________.
A
the calculation of minimum wage rates

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

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

D
A federal income tax withholding method in which the current withholding amount is determined by cumulative wages and the amount that has already been withheld

Note: Answer not sure
1. Report
Question: A company must file Form W3 every year by _____________.
A
January 31

B
September 30

C
February 28

D
December 31

Note: Answer not sure
1. Report
Question: The term "statutory employee" refers to ______________.
A
another name for an independent contractor

B
a regular, full-time employee subject to tax withholdings

C
a part-time employee

D
the president of a company

Note: Answer not sure
1. Report
Question: The term "payroll period" refers to ____________.
A
a calendar year

B
one month

C
the frequency of employee compensation

D
two weeks

Note: Answer not sure
1. Report
Question: On which of the following financial statements is Payroll Expense reported?
A
Statement of Retained Earnings

B
Income Statement

C
Balance Sheet

D
Cash Flow Statement

Note: Answer not sure
1. Report
Question: What is an EIN?
A
Employee Identification Name

B
Employer Identification Number

C
Every Independent Numerator

D
Employer Identification Name

Note: Answer not sure
1. Report

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Question: What is Form W3?

Question: The Fair Labor Standards Act of 1938 __________________.

Question: Which of the following is a major payroll processor?

Question: The term "incentive payment plan" refers to _______________.

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

Question: A company must file Form W3 every year by _____________.

Question: The term "statutory employee" refers to ______________.

Question: The term "payroll period" refers to ____________.

Question: On which of the following financial statements is Payroll Expense reported?

Question: What is an EIN?