Questions from College Accounting


Q: Who pays for workers’ compensation insurance?

Who pays for workers’ compensation insurance?

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Q: What is Form 941? How often is the form filed?

What is Form 941? How often is the form filed?

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Q: Is the employer required to deposit the federal unemployment tax during the

Is the employer required to deposit the federal unemployment tax during the year? Explain.

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Q: 1. You are a member of Arrow Company’s internal audit staff

1. You are a member of Arrow Company’s internal audit staff. A review of office practices indicates that an accounting assistant routinely makes arrangements with the bank for short-...

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Q: A state charges a basic SUTA tax rate of 5.4

A state charges a basic SUTA tax rate of 5.4 percent. Because of an excellent experience rating, an employer in the state has to pay only 1.0 percent of the taxable payroll as state tax. What is the p...

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Q: What is the purpose of Form 940? How often is it

What is the purpose of Form 940? How often is it filed?

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Q: What is the purpose of allowing a credit against the FUTA for

What is the purpose of allowing a credit against the FUTA for state unemployment taxes?

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Q: Why was the unemployment insurance system established?

Why was the unemployment insurance system established?

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Q: What does “monthly” refer to in the Monthly Deposit Schedule

What does “monthly” refer to in the Monthly Deposit Schedule Rule?

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Q: What does “semiweekly” refer to in the Semiweekly Deposit Schedule

What does “semiweekly” refer to in the Semiweekly Deposit Schedule Rule?

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