Chapter 1
Chapter 2
Chapter 3
Chapter 4
Chapter 5
100
Also known as the Federal Wage and Hour Law.
What is the "FLSA"?
100
The term referring to the money paid to an hourly or piece worker.
What are "Wages"?
100
The two parts of the FICA tax.
What are "OASDI" and "HI"?
100
The advantage of using flexible spending accounts.
What is using "Pretax dollars"?
100
The % applied to wages up to $7,000 for the employer FUTA tax.
What is ".8%"?
200
The number of weeks of unpaid leave that must be granted under the FMLA.
What is "12"?
200
A stated percentage of revenue paid to an employee who transacts a piece of business or performs a service.
What is a "Commission"?
200
The state rate for FICA.
What is "Depends on the State Law"
200
The amount of life insurance that may be given to an employee free of income taxes.
What is $50,000?"
200
The form number used by the employer to file the FUTA tax return.
What is the "940".
300
This type of insurance protects employees and their dependents against losses due to work-related injuries.
What is "Workers' Compensation"?
300
Remuneration paid twice a month.
What is "Biweekly"?
300
The form number for a quarterly or annual return filed by the employer.
What is "Form 941"?
300
One of the most popular forms of retirement accounts.
What is an "IRA" or a "401-K?"
300
Quarterly thresholds for for mandatory depositing of FUTA taxes.
What is "$500"?
400
This form shows the amount of wages paid each employee in the course of the business of the employer.
What is a "W-2"?
400
The minimum wage during 2011.
What is "$7.25/hr."?
400
Required deposit day for $100,000 or more in undeposited taxes on any day during a deposit period.
What is "Close of the next banking day?"
400
The type of IRA that allows employees to make non-deductible contributions, but whose contributions are non-taxable when withdrawn.
What is a "Roth" IRA?"
400
The term used when poor experience-rated companies form new companies with lower unemployment tax rates.
What is "Dumping".
500
This is the multicolumn form used to assemble and summarize the data needed at the end of each payroll.
What is the "Payroll Register"?
500
The gross pay of an employee working 46 hours during a weekly period at the rate of $11.20/hr.
What is "$481.60"?
500
The letter that always follows an amended form number.
What is an "X"?
500
The form used to compute the employee's withholding amounts.
What is a "W-4"?
500
When the employer must file the FUTA form.
What is "The last working day of the month following the end of the quarter"?
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