Finance And Accounting

Question: Which of the following accounts is debited when FUTA taxes are paid to the government?
A
FUTA Expense

B
FUTA Payable

C
Wages Payable

D
Wages Expense

Note: Answer not sure
1. Report
Question: The term "overtime" refers to ______________.
A
hours worked each week beyond 27.5

B
hours worked each week beyond 55

C
hours worked each week beyond 80

D
hours worked each week beyond 40

Note: Answer not sure
1. Report
Question: Which of the following factors might prompt a company to switch to an automated payroll system?
A
Income tax rates

B
Number of employees being paid

C
Annual raises are coming up

D
Payroll staff has increased

Note: Answer not sure
1. Report
Question: The term "taxable wages" refers to ______________.
A
all wages earned regardless of amount

B
the maximum calendar year gross wages that are subject to a particular tax

C
commission-based wages only

D
regular wages only

Note: Answer not sure
1. Report
Question: The Circular E: Employer's Tax Guide is ______________.
A
an IRS publication that describes withholding methods

B
an SEC report for public companies

C
another name for an employee handbook

D
a taxation form for unemployment

Note: Answer not sure
1. Report
Question: The term "payroll register" refers to ______________.
A
a weekly report sent to employees detailing the hours they worked

B
a financial statement

C
a time card

D
a payroll record for a payroll period listing all employees, gross wages, deductions, and net pay

Note: Answer not sure
1. Report
Question: The term "bonus" refers to ______________.
A
termination pay

B
a sum of money given to an employee in addition to the employee's regular compensation

C
severance pay

D
regular pay for 40 hours per week

Note: Answer not sure
1. Report
Question: The term "unemployment compensation benefits" refers to ______________.
A
payments under state programs made for a limited time to unemployed workers

B
payments under a federal program to unemployed workers

C
insurance an employee must take out privately

D
payments to employees who have suffered accidents on the job

Note: Answer not sure
1. Report
Question: The term "self-employment income" refers to ______________.
A
income earned working for another

B
income earned by an individual from a business operated as a sole proprietorship

C
income earned while working out of the country

D
income earned above $100,000

Note: Answer not sure
1. Report
Question: What is the purpose of Form W2?
A
To report annual wages to employees

B
To report annual wages to the IRS

C
To report to employees their total wages earned and taxes paid

D
To reconcile, on a quarterly basis, taxes paid with tax liability for federal taxes

Note: Answer not sure
1. Report

First Prev 113 114 115 116 117 Next Last

Question: Which of the following accounts is debited when FUTA taxes are paid to the government?

Question: The term "overtime" refers to ______________.

Question: Which of the following factors might prompt a company to switch to an automated payroll system?

Question: The term "taxable wages" refers to ______________.

Question: The Circular E: Employer's Tax Guide is ______________.

Question: The term "payroll register" refers to ______________.

Question: The term "bonus" refers to ______________.

Question: The term "unemployment compensation benefits" refers to ______________.

Question: The term "self-employment income" refers to ______________.

Question: What is the purpose of Form W2?