Show:
Chapter 1
Chapter 2
Chapter 3
Chapter 4
Chapter 5 & 6
100
What is the minimum wage for the Fair Labor Standards Act?
$7.25
100
What is our instuctor's name?
Richard Heller
100
What time does this class end?
12:00
100
Whose face is on a quarter and a $1 bill?
George Washington
100
Whose face is on $100 dollar bill?
Benjamin Franklin
200
What age does the Age Discrimination in Employment Act protect?
Over 40
200
How many pay periods are in a year if paid biweekly?
26 pay periods
200
What is the rate for both FICA taxes (OASDI & HI) for employee's?
6.2% OASDI & 1.45% HI
200
When must employers give employees there W-2 form on or before?
January 31
200
What is the FUTA rate?
.8% or .008
300
What is a multicolumn form used to summerize data needed each paydate?
Payroll register
300
What is the gross pay for 40hr at $10.00 an hour and 10hr of overtime?
$550.00
300
For OASDI portion of FICA tax there is a maximum which can be taxed what is it?
$106,800
300
What two methods to withhold federal income tax can employers use?
Percentage method & Wage-bracket method
300
Which Form is the Annual Federal Unemployment Tax Return?
Form 940
400
What does FMLA stand for?
Family and Medical Leave Act
400
If someone makes $41,600 a year and works 40 hours per week. What is the hourly rate?
$20 per hour
400
(True or False) Monthly depositors are required to deposit their taxes by the 15th day of the following month.
True
400
(True or False) The W-4 form is completed by the employer?
False (employee)
400
What does EFTS stand for?
Electronic Funds Transfer System
500
_______ conveys to employees the right to share in a retirement fund if they are terminated before the normal retirement age.
Vesting
500
What does FLSA stand for?
Fair Labor Standards Act
500
How much FICA- HI tax is withheld if a self-employed person made $200,000.00?
$5,800
500
In a Simple Plan for Tax-Deferred Retirement Account the employee can contribute a max or how much?
$11,500
500
What taxes get withheld from gross pay to compute net pay?
FICA- OASDI & HI, FIT, SIT & CIT