Federal
State
Wages
Deductions
Relating Disney & Coworker
100
This form is used to report federal unemployment tax at the end of the year.
What is Form 940
100
Four states that do not have withholding tax
AK, TN, FL, NH, SD, WY, TX, WA, NV
100
The act that enforces the federal minimum wage of $7.25 per hour
What is the Fair Labor Standards Act (States can have their own laws that may be stricter than the federal)
100
Traditional 401K is included in which three federal taxable wage types
What is FUTA, Social Security, Medicare
200
The Social Security wage base for 2020
What is 137,700
200
Name a state that treats health savings account (HSA) benefits as taxable income
CA, NJ
200
Federal tax levies can take up to what percent of your net pay
What is 100%
200
A benefit only allows rollover of $500 per year
What is an FSA
300
GTL limit excludable from income
What is $50,000
300
Name a tax type that is calculated based on hours worked
WA L&I, OR WBF
300
Which of the following is included in FICA taxable wage?
Section 125, Section 132, 401K, HSA
What is 401K
300
Explain Section 132 as a benefit and the box used to report on the Form W-2
A compensation reduction agreement is a way to provide qualified transportation benefits on a pre-tax basis by offering your employees a choice between cash compensation and any qualified transportation benefit. (Monthly limits apply) Overages are included in income on the form W-2. The deductions themselves are not reported on the form W-2
300
Mistress of evil https://vignette.wikia.nocookie.net/disney/images/7/73/Maleficent-SB.png/revision/latest?cb=20131111074436
Who is S
500
Name the new legislation effective April 1, 2020 that impacts payroll
What is the Families First Corona Virus Act
500
In 2018, Utah stopped recognizing this section of the Form W4
What is exemptions
500
What is the annual salary of $15 an hour for a full time employee
What is $31,200
15 x 2080
500
This contribution is made post tax and when eligible, is received without being taxed again
What is a Roth
800
Calculate the GTL excess to be included in income per month assuming the following:
Employee is 35 years old which has a Fair Market Value of 0.09 and the total GTL coverage is $90,000
What is $3.60
$90,000 - $50,000 = $40,000 / $1,000 = 40 x 0.09 = $3.60
800
Name the states Sonja files for
Who is Maryland and California
800
Calculate the prorated salary for an exempt employee who has a per pay period salary of $2,000 and started on September 19, 2019. Assume the pay frequency is semi-monthly and the pay period is the 1st – 15th and 16th – EOM
What is $1,476.92
$48,000 / 2,080 = $23.08 x 8 = 184.62 x 8 days = $1,476.92
800
Who is J
