Accounting
Payroll Concepts
Fringe Benefits
Record Keeping and Payroll Practices
#1 Fun
100
An accounting document containing records of all business transactions by account
What is general ledger
100
Employees submit Form W-4S to the
What is third-party sick pay provider
100
How often must an employer must include noncash fringe benefits in an employee's income at least
What is annually
100
An employee who was terminated on March 3 has not picked up her final paycheck. Which law or regulation governs this situation?
What is state regulations
100
What college football team is currently ranked #1 according to the AP Poll?
What is Mississippi State
200
Income received from sale of product or service
What is revenue
200
What taxes, if any, must be withheld from payments to an independent contractor
What is no federal employment taxes are required to be withheld
200
When an employee is on indefinite assignment in the National Guard or Armed Forces Reserve and the employee receives $800.00 in differential military pay, on what form is the pay is reported?
What is W2
200
In a direct deposit system, the ACH file is set up by the
What is employer
200
What song is currently #1 on the Billboard's top 100?
What is Shake it Off by Taylor Swift
300
Generally, the largest expense for most companies is
What is salaries and benefits
300
A contractual bonus paid based on the employee's production, efficiency or other measure of performance
What is a nondiscretionary bonus
300
In order for an employee on disability to have federal income tax withheld from third-party disability payments, he must submit to the insurance company Form
What is W-4S
300
How frequently does federal law require master files to be updated?
What is there are no federal requirements for the frequency of updates
300
What movie is currently #1 at the Box Office?
What is Ouija
400
Once a year, management selects a team of auditors to deliver payroll checks, requiring each employee to show photo IDs. This procedure is known as
What is physical payout
400
An employee first completes Form W-4 when
What is when hired
400
The latest an employer can transfer an employee's 401(k) deferral into the trust fund without penalty is
What is 15 business days after the end of the month in which the withholding occurred
400
Record of employee's hours worked each week must be retained for how many years
What is 3 years
400
What is currently the largest US city based on population?
New York City
500
anything of value to the company
What is an asset
500
Payments to a statutory nonemployee are reported on Form
What is 1099-MISC
500
Resident aliens working outside the U.S. are eligible for what special tax exemptions
What is none
500
Under IRS regulations, how many years must a returned Form W-2 be retained
What is 4 years
500
What book is the current #1 NY Times Best seller?
What is Gray Mountain by John Grisham
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