Payroll MCQs

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 ______________.

The term "payroll period" refers to ____________.

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?

Which form is needed for independent contractors or vendors who are seeking payment for their products/services?