Payroll Accounting Ch 4 Quiz

5 October 2022
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question
partner
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Under the federal income tax withholding law, which of the following is not defined as an employee? Payroll clerk hired one week ago, Governor of the state of Florida, partner who draws compensation for services render-provided the partnership, or general manager age 66
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All of the above
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Which of the following noncash fringe benefits does not represent taxable income subject to federal income tax withholding? Flight on employer provided airline, personal use of company car, sick pay, employer paid membership to a country club, or all of the above.
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Tipped employee's monthly tips of $120
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For which of the following payments is the employer required to withhold federal income taxes? Advances made to sales personnel for traveling expenses, tipped employee's monthly tips of $120, decreased person's wages paid to the estate, minister of Presbyterian church, or all of the above.
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payments made under worker's compensation law
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All of the following are properly defined as wages subject to the withholding of federal income taxes EXCEPT: year-end bonus, kitchen appliances given by manufacturer in lieu of cash wages, dismissal payment, vacation pay, or payments made under worker's compensation law.
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educational assistance
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Which of the following cannot be included in a cafeteria plan? health insurance, group-term life insurance(first $50,000 of coverage), dependent care assistance(first $5,000), self-insured medical reimbursement plan, or educational assistance.
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withhold income taxes for a single employee with no allowances
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When an employee refuses to state marital status on Form w-4 advise them you will have to ______
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the IRS has requested in writing
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To curb the practice of employees filing false Forms W-4, the IRS requires that an employer submit to the agency a copy of each Form W-4:
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Form 1099-MISC
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Which of the following forms is used to report rents paid over $600 to landlords?
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When the contractor has not provided a taxpayer identification number and the contract is $600 or more
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A company must withhold federal income taxes (backup withholding) from payments made to independent contractors in which of the following cases? when there is a signed contract between the parties, when the contractor is paid more than $10,000, when the contractor is a corporation, when the contractor has not provided a taxpayer identification number and the contract is $600 or more, or all of the above