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3 Cards in this Set
- Front
- Back
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An employer must withhold on group-term life insurance in excess of $50,000 for which of the following taxes?
a. Social security and Medicare taxes only b. Social security, Medicare and federal incomes c. Social security, Medicare and FUTA taxes d. Social security, Medicare, federal income, and FUTA taxes |
a.
Social security and Medicare taxes only |
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Which of the following conditions need not be met for job-related educational assistance to be excluded from income?
a. Courses are not taken to qualify the employee for a promotion or transfer b. Courses must be related to the employee's current job c. Must be covered by an Educational Assistance Program d.Course must not be necessary to meet the minimum education requirement of the job |
c.
Must be covered by an Educational Assistance Program |
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Under the "fixed-date" method for substantiating business travel expenses, and advance can be provided no more than how many days before an expense is incurred?
a. 10 days b. 15 days c. 20 days d. 30 days |
d.
30 days |
