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NEW QUESTION 34
The entry to record a salary advance to an employee is:

A. Debit cash, credit accounts receivableB. Debit salary expense, credit cashC. Debit accounts receivable, credit cashD. Debit salary expense, credit wages payable

Answer: C

 

NEW QUESTION 35
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 the value of the premium paid by the employerB. No tax was withheld on any paymentsC. Social Security and Medicare taxes were withheld on $400 in each of the four months.D. Federal Income tax was withheld on $400 in each of the four months

Answer: C

 

NEW QUESTION 36
Under the Immigration Reform and Control Act, employers and employees are required to complete which of the following forms:

A. SS-4B. I-9C. W-4D. SS-5

Answer: B

 

NEW QUESTION 37
Using federal child support guidelines, calculate the maximum amount of support that can be withheld from an employee's semimonthly disposable earnings of $1,500.00. The employee is four months in arrears in making child support payments and has no other dependents.

A. $975.00B. $750.00C. $900.00D. $825.00

Answer: A

 

NEW QUESTION 38
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