Scenarios
Bella wants to see her detailed pay statement so that she can get a loan for her new house. What document does she need to download to see this?
Paycheck Stub
The W3 covers all employees' W2s in a company
True
This tracks gross pay, deductions, and net pay so employees can keep up with their earnings
Check Voucher
The ____ _______ Report shows the total funds an employer must provide for a payroll cycle
Cash Requirements
Name a food Emily has not tried
Salad, Sushi, Hot Dog, Deli Sandwich
Brenda didn't pick up enough hours at the YMCA so her healthcare was not taken out of her paycheck. 2 pay periods later she racked up enough hours for the healthcare to be taken out. What report helped her employer track this?
Unused Deductions Report
W2s are filed once a year to the SSA
True
For Form 1094-C, filing late can cost $___ per form
$290
All W2s must be sent out by _______
January 31st
What position did Owen play in baseball?
Center field
Josh owns Suffolk Punch and realizes his employees aren't reporting their tips correctly but doesn't think it's a huge deal. What report would change his mind based on how much money he'd get back?
FICA Tip Credit Report
A 401K report is not reconciled for compliance with ERISA and IRS regulations
False
What is the minimum tip reporting requirement according to IRS Form 8027?
8%
Form ____ covers taxable wages subject to FUTA?
940
Where did Taylor coach college lacrosse?
Elon
Allan Allen got his foot run over by a forklift while on the job. He had no idea what his premium was but his employers knew because of this report. What report would this incident fall under?
Workers Compensation Report
The Check Register is a consolidated annual summary of all employee's detailed earnings, taxes withheld, and deductions applied
False (it's per payroll)
This helps employers keep up with every employee's earnings, deductions, and net pay
Check Register
A ___ ______ Report lists employees who were recently hired or rehired and includes required identifying details such as name, SS, address, and any employer information for submission to the state's New Hire Reporting Directory
New Employee
Name Dean's peptide
Retatrutide
Cooper is the general manager of the Charlotte Country Club. He has several employees who work multiple roles at the club including lifeguards, caddies, and receptionists. Which report helps him keep track of the different departments for accurate payroll costs?
Labor Distribution Report
According to the regulations of the EEOC, companies must document in their EEO-1 Report that at least 23% of their workforce is female
False
What is the % fine associated with not filing a W3
5%
affordable healthcare according to ACA
Which newbie is the worst at parking?
OWEN