The Dreaded Taxes
What is the federal supplemental tax rate under 1M?
22%
In America, payroll professionals are certified by who?
APA
What is the most common pay frequency in the US?
Biweekly
South Carolina
There are numerous exemptions, including a wide range of industries, food services & transportation and more
Which country on average has the least amount of paid time off
U.S.
The only developed country that doesn't mandate any paid vacation time or paid holidays
What are the two primary components of FICA taxes?
Social security and Medicare tax
What year was the NPW founded by the APA
1996
Is vacation, sick and/or holiday pay guaranteed under FLSA?
Under the FLSA employers are only required to pay employees for hours worked
What is the minimum age requirement for workers in Georgia?
12
The Netherlands
In which state do you not have to pay state income tax if you're over 100 years old?
New Mexico
How many fields are there to fill out on a check?
6
date, payee, amount in numbers, amount in words, signature, memo
Which country has the highest tax burden for employers?
France
Employer taxes are between 35-40%
49%
2024 revenue was $4,918B with 35% coming from payroll taxes
What is paper currency made from?
25% Linen 75% Cotton
What was the first federal minimum wage?
.25
Semi-monthly
In which country do employees receive a commuting allowance based on their exact commute and route?
Japan
Who said "but in this world nothing can be said to be certain except death & taxes"
Benjamin Franklin
Approximately how long does a $1 bill last in circulation?
18 months
What year was the NPW founded by the APA?
1996
Which of the following employees are exempt from FLSA overtime laws?
Employees who process maple sap into sugar or syrup
180