Tax
What federal tax is not withheld from an employee's wages after the employee's death?
Federal income tax withholding
The amount of an employee's wages that remains after all voluntary and involuntary deductions are deducted?
Net pay
What form is required to be completed to determine the amount to withhold from the employees wages for federal income tax?
W-4 Form
$7.25/hour and $2.13/hour
These can include child support, unpaid taxes, unpaid creditors, and default of a student loan.
Wage garnishment
What is a lock-in letter?
A notice from the IRS stating the federal income tax withholding for a specific employee
If the state and federal minimum wage are not the same, which is used?
The higher minimum wage
What are the forms required to be filled out by new employees prior to their first day of work?
I-9 and W-4
How many auto hours are customarily used for salaried employee's paid semi-monthly?
86.67 hours
What amount are wage garnishment deductions based on?
Disposable earnings
What is the social security annual tax limit?
$147,000
What type of employee is eligible for overtime?
Non-exempt
Which report in Prism would be used if a client wants to see both the employee and employer tax deductions?
Payroll Allocation Report
PTO, holiday pay, retirement plans, insurance, etc. are all considered what?
Employer paid benefits
In most cases, how long do you have to send a garnishment answer for a creditor wage garnishment?
14 days
Which employment tax is not required to be withheld from an employee's paycheck?
Federal unemployment tax
What are wages that are given to employees in addition to regular wages?
Supplemental wages
Who regulates how often employees must be paid by an employer?
The individual state
What labor law dictates the federal minimum wage, overtime pay, recordkeeping, and youth employment standards?
The Fair Labor Standards Act (FLSA)
What type of wage garnishment has priority over all other garnishments?
Child Support