Payroll Accounting 2018 28th Bernard J Bieg Judith A Toland – Test Bank
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Edition: 28th Edition
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Resource Type: Test Bank
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Payroll Accounting 2018 28th Bernard J Bieg Judith A Toland – Test Bank
Chapter 3 Achievement Test
1. A child working for his father’s corporation is not exempt from coverage under FICA. a. True
b. False
ANSWER:
POINTS:
DIFFICULTY:
QUESTION TYPE:
HAS VARIABLES:
PREFACE NAME:
LEARNING OBJECTIVES: ACCREDITINGSTANDARDS:
DATE CREATED: DATE MODIFIED:
True
2
Easy
True / False False
New Preface PAYR.BIEG.14.1 – LO: 1
AICPA:v1-11-FN-Reporting Blooms Taxonomy-5 – Remembering Business Program-3 – Analytic
Time Estimate-a – 5 min.
6/6/2017 10:44 AM 6/6/2017 10:44 AM
2. Under FICA, each partner in a partnership is defined as an employee of that organization. a. True
b. False
ANSWER:
POINTS:
DIFFICULTY:
QUESTION TYPE:
HAS VARIABLES:
LEARNING OBJECTIVES: ACCREDITINGSTANDARDS:
DATE CREATED: DATE MODIFIED:
False
2
Easy
True / False
False
PAYR.BIEG.14.2 – LO: 1
AICPA:v1-11-FN-Reporting Blooms Taxonomy-5 – Remembering Business Program-3 – Analytic
Time Estimate-a – 5 min.
6/6/2017 10:44 AM 6/6/2017 10:44 AM
Copyright Cengage Learning. Powered by Cognero. Page 1
Chapter 3 Achievement Test
3. Part-time employees pay a FICA a. True
b. False
ANSWER:
POINTS:
DIFFICULTY:
QUESTION TYPE:
HAS VARIABLES:
LEARNING OBJECTIVES: ACCREDITINGSTANDARDS:
DATE CREATED: DATE MODIFIED:
tax at half the tax rate of full-time employees.
False
2
Easy
True / False
False
PAYR.BIEG.14.3 – LO: 1
AICPA:v1-11-FN-Reporting Blooms Taxonomy-5 – Remembering Business Program-3 – Analytic
Time Estimate-a – 5 min.
6/6/2017 10:44 AM 6/6/2017 10:44 AM
4. Once a person reaches the age of 65, social security taxes are not taken out of his or her paycheck. a. True
b. False
ANSWER:
POINTS:
DIFFICULTY:
QUESTION TYPE:
HAS VARIABLES:
LEARNING OBJECTIVES: ACCREDITINGSTANDARDS:
DATE CREATED: DATE MODIFIED:
False
2
Easy
True / False
False
PAYR.BIEG.14.4 – LO: 1
AICPA:v1-11-FN-Reporting Blooms Taxonomy-5 – Remembering Business Program-3 – Analytic
Time Estimate-a – 5 min.
6/6/2017 10:44 AM 6/6/2017 10:44 AM
Copyright Cengage Learning. Powered by Cognero. Page 2
Chapter 3 Achievement Test
5. Year-end bonuses paid to employees are not subject to the hospital insurance (HI) part of the FICA tax. a. True
b. False
ANSWER:
POINTS:
DIFFICULTY:
QUESTION TYPE:
HAS VARIABLES:
LEARNING OBJECTIVES: ACCREDITINGSTANDARDS:
DATE CREATED: DATE MODIFIED:
False
2
Easy
True / False
False
PAYR.BIEG.14.5 – LO: 1
AICPA:v1-11-FN-Reporting Blooms Taxonomy-5 – Remembering Business Program-3 – Analytic
Time Estimate-a – 5 min.
6/6/2017 10:44 AM 6/6/2017 10:44 AM
6. Under FICA, employers must collect the employee’s FICA taxes on tips reported by each employee. a. True
b. False
ANSWER:
POINTS:
DIFFICULTY:
QUESTION TYPE:
HAS VARIABLES:
LEARNING OBJECTIVES: ACCREDITINGSTANDARDS:
DATE CREATED: DATE MODIFIED:
True
2
Easy
True / False
False
PAYR.BIEG.14.6 – LO: 1
AICPA:v1-11-FN-Reporting Blooms Taxonomy-5 – Remembering Business Program-3 – Analytic
Time Estimate-a – 5 min.
6/6/2017 10:44 AM 6/6/2017 10:44 AM
Copyright Cengage Learning. Powered by Cognero. Page 3
Chapter 3 Achievement Test
7. Employees and independent contractors pay different FICA tax rates. a. True
b. False
ANSWER:
POINTS:
DIFFICULTY:
QUESTION TYPE:
HAS VARIABLES:
LEARNING OBJECTIVES: ACCREDITINGSTANDARDS:
DATE CREATED: DATE MODIFIED:
True
2
Easy
True / False
False
PAYR.BIEG.14.7 – LO: 1
AICPA:v1-11-FN-Reporting Blooms Taxonomy-5 – Remembering Business Program-3 – Analytic
Time Estimate-a – 5 min.
6/6/2017 10:44 AM 6/6/2017 10:44 AM
8. Employer contributions for retirement plan payments for employees are defined as wages and are thus subject to FICA taxes.
a. True
b. False
ANSWER:
POINTS:
DIFFICULTY:
QUESTION TYPE:
HAS VARIABLES:
LEARNING OBJECTIVES: ACCREDITINGSTANDARDS:
DATE CREATED: DATE MODIFIED:
False
2
Easy
True / False
False
PAYR.BIEG.14.8 – LO: 2
AICPA:v1-11-FN-Reporting Blooms Taxonomy-5 – Remembering Business Program-3 – Analytic
Time Estimate-a – 5 min.
6/6/2017 10:44 AM 6/6/2017 10:44 AM
Copyright Cengage Learning. Powered by Cognero. Page 4
Chapter 3 Achievement Test
9. If on any day during a deposit period an employer has accumulated $100,000 or more in undeposited employment taxes, the taxes must be deposited on the next banking day.
a. True
b. False
ANSWER:
POINTS:
DIFFICULTY:
QUESTION TYPE:
HAS VARIABLES:
LEARNING OBJECTIVES: ACCREDITINGSTANDARDS:
DATE CREATED: DATE MODIFIED:
True
2
Easy
True / False
False
PAYR.BIEG.14.9 – LO: 2
AICPA:v1-11-FN-Reporting Blooms Taxonomy-5 – Remembering Business Program-3 – Analytic
Time Estimate-a – 5 min.
6/6/2017 10:44 AM 6/6/2017 10:44 AM
MAECENAS IACULIS
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ADIPISCING CONVALLIS BULUM
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