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100

True/False: Can you see all previously terminated employees?

True

100

Who pays into FICA?

Employer and Employee

100

What does FLSA stand for?

Fair Labor Standards Act 

100

What are the two types of "pay" that are shown on a paystub?

Gross and Net
100

What is the timeframe to reverse a payroll?

5 days

200

Where can I go to see if Gusto has started pulling the money from the Employers account for payroll?

Recent NACHA's

200

This is collected by a store or seller and paid by the consumer?

Sales Tax 

200

What did the New Deal do?

Redefined the role of the federal government. 

200

What are the two types of tax deposit schedules?

Monthly and semi-weekly

200

What is the difference between a 1099 and W2 employee?

Contractor vs hourly/salary employee. W2 employee protected by the FLSA. 1099 employee does not receive benefits and will receive their full paycheck with no deductions applied. 


300

What are the steps to take when an R01 error is found in a recent NACHA?

Confirm funds are in bank and manually rerun payroll. 

300

What is the wage base on Medicare?

1.45% on the first $200,000 and 2.35% on anything above that. 

300

What is the current FUTA wage base limit?

$7,000

300

What information is needed to expedite a payroll?

The last 4 digits of the company bank account number that is listed in Panda

Enough available funds to cover the total inflight amount shown on the payroll

Today’s date

300

Is a Roth 401(k) a pre or post tax deduction? 

Post-tax

400

What are the two file format option when running a report In-app?

CSV and PDF

400

List all the taxes which an employer is liable to pay

FICA, SIT, FUTA, SUTA 

400

What year was Social Security established?

1935

400

What is the wage base for OASDI?

$137,700

400

If a worker from Wisconsin sees the following hour break down on their paystub how many hours of OT will they be paid for? 

64 regular hours, 8 PTO, 16 OT hours

0 hours 

500

What steps did an employer have to take to have the 2-day payroll pill in Panda?

Nothing, new customers immediately have the option for this. 

500
What is the per pay check contribution to Medicare for a salary employee who gets paid semi-monthly and their taxable wages are $76,250 for the year?

$46.07

500
How long has the 6.2% rate for OASDI been in effect? 

30 years or since the 1990s

500

What line item was removed with the redesign to the 2020 W-4?

Allowances 

500

What is a NOC?

Notice of Change