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8 Cards in this Set
- Front
- Back
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Chapter 6 T/F Question 5
If supplemental wages paid with regular wages are not clearly identified, the employer must withhold federal income tax as if the combined payment is a wage payment for that payroll period. |
Chapter 6. T/F Answer 5
True |
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Chapter 6 T/F Question 6
Under the principle of constructive payment, an employee is considered to have been paid wages when they are earned and become payable. |
Chapter 6 T/F Answer 6
False - Under the principle of constructive payment, an employee is considered to have been paid wages when they are actually or constructively paidd, not when they are earned or payable. |
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Chapter 6 T/F Question 7
When an employee requests federal income tax withholding on sick pay, Form w-4s directs the third party to withold a flat dollar amount. |
Chapter 6 T/F Answer 7
True |
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Chapter 6 T/F Question 8
The backup withholding rate for 2010 is 25%. |
Chapter 6 T/F Answer 8
False - The required rate for backup withholding in 2010 is 28% |
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Chapter 6 Multiple Question 5
An employee is supposed to receive his last paycheck of $1,500 for 2010 on Wednesday, Deceber 28. Because of a system failure, paychecks are not available until Monday, January 3, 2011. Before December 28, the employee's 2010 earnings were $106,100. How much social security and medicare taxes must be withheld? |
Chapter 6 Multiple Answer 5
A. Social security $93 and medicare $21.75 |
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Chapter 6 Multiple Question 6
Which of the following forms must be completed to obtain a social security number? |
Chapter 6 Multiple Answer 6
C. Form - SS8 |
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Chapter 6 Multiple Question 7
Employees' paychecks are mailed from their corporate office on Monday for a Thursday payday. Because of a disaster in the area no mail will be delivered until Saturday, when the employees are not at work. So the employees can get paid during this week, the employer wires cash wages to the employees on Friday. The checks arrive at the office on Monday. When are the wages considered paid? |
Chapter 6 Multiple Answer 7
b. Friday |
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Chapter 6 Multiple Question 8
Which form is completed by recipients of pension and annuity payents to determine the amount to withhold? |
Chapter 6 Multiple Answer 8
c. Form W-4P |
