Question 1

All of the following plans are deferred compensation plans EXCEPT:

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Question 2

An exempt employee is being paid an annual discretionary bonus. The employee has submitted a 2020 W-4. Calculate the net pay based on the following
information:

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Question 3

Which form is used by third-party administrators to report sick pay paid on behalf of an employer?

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Question 4

Where should a firm??s business transactions FIRST be recorded?

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Question 5

An employee receives a total of $200.10 in cash tips in July. Determine the latest date the employee MUST report tip income to the employer.

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Question 6

Using the following information, calculate the social security tax to be withheld.

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Question 7

Even if a worker meets the definition of an employee, an employer can still treat the worker as an independent contractor if the worker passes the:

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Question 8

An employee clocked in for work at 8:07 a.m. and out at 4:08 p.m. According to the DOL policy on rounding work hours, which of the following recorded hours are
CORRECT?

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Question 9

To optimize customer service, policies should include attributes which are:

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Question 10

Which of the following general ledger accounts should normally maintain a credit balance?

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