Payroll MCQs

Which of the following is a major payroll processor?

The term "incentive payment plan" refers to _______________.

The term "cumulative method of withholding" refers to ______________.

A company must file Form W3 every year by _____________.

The term "statutory employee" refers to ______________.

A non-exempt employee works 38 hours one week and 46 hours the next week. How many hours should this employee be paid for two weeks if guaranteed 40 hours?

A non-exempt employee worked 48 hours one week which included a holiday and 46 hours the next week. How much OT pay is due to this employee?

How long should a W-4 be kept on file?

How long should an employer retain payroll information?

What is the current employer tax rate for FICA social security and medicare?