Which of the following general ledger accounts is integral to a quarterly deposit reconciliation?

• A.Salary cash
• B.Tax liabilities
• C.Accrued wages payable
• D.Payroll cash

Comment: *

Name: *

Email: *

Verification: *

Nice Guys Inc. has a short-term disability plan, provided by a third-party insurance company, for its factory workers. Employees do not pay for this benefit. Roberta received $400 a month for four months during the six-month coverage period. How did the third-party payer tax Roberta's disability payments?

• A.Social Security and Medicare taxes were withheld on $400 in each of the four months.
• B.No tax was withheld on any payments
• C.Social Security and Medicare taxes were withheld on the value of the premium paid by the employer
• D.Federal Income tax was withheld on $400 in each of the four months

Comment: *

Name: *

Email: *

Verification: *

Which of the following generally does NOT represent compensable time under the FLSA?

• A.Time spent cleaning up work area after normal shift
• B.Overtime hours not authorized by the employer
• C.Travel to a convention after normal working hours
• D.Time sent in break room waiting for job instructions

Comment: *

Name: *

Email: *

Verification: *

Chicken Liken requires that all employees wear uniforms that are unique to chicken Liken restaurants. New employees are required to pay $40 for their uniforms from their first regular paycheck. Assume that it is September 2009, and one of ties new employees earns $8.20 per hour and works 42 hours in the first workweek ending September 18. What is the maximum that Chicken Liken can deduct from this employees wages for the uniform?

• A.$48.10
• B.$38.00
• C.$0
• D.$39.90

Comment: *

Name: *

Email: *

Verification: *

The obligations of the common paymaster include:

• A.Depositing and reporting the taxes withheld from the individuals it pays who are concurrently employed by the related corporations
• B.Deducting from its corporate tax return the salary and wage expenses for all of the individuals employed concurrently by the related corporations
• C.Absorbing the salary expenses for the individuals employed concurrently by the related corporations
• D.Absorbing the employer tax expenses for the individuals employed concurrently by the related corporations

Comment: *

Name: *

Email: *

Verification: *