Payroll MCQs

What is the maximum taxable earnings allowed for medicare?

Who is a “nominee”?

What form is required to verify employment eligibility for a new or potential employee?

What is a tax outside the scope of Federal taxes that an employer and employee are legally obligated to?

If exempt employee Dr. Banks worked 48 hours in one week and 46 hours in a second week, how much overtime should he be paid?

The term "overtime" refers to ______________.

Which of the following accounts is debited when FUTA taxes are paid to the government?

Which of the following age groups is covered by the Age Discrimination in Employment Act of 1967?

At ABC School, the current salary schedule for custodians is as follows:

Step 1:   $12.47

Step 2:    $13.09

Step 3:    $13.75

Step 4:    $14.44

Step 5:    $15.16

Employees are moved to the next step on the salary schedule annually. Wages for the year have increased 2.25% from the previous school year. Employee C was paid on Step 2 for the previous school year.

Given the above schedule, what is Employee C's pay rate for the current school year?

The term "direct deposit" refers to ______________.