Questions from Payroll Accounting

Q: What is the significant difference between flexible spending arrangements (FSAs)

What is the significant difference between flexible spending arrangements (FSAs) and health savings accounts (HSAs)?

Q: Jeannie Velshi is an employee who receives education assistance from her employer

Jeannie Velshi is an employee who receives education assistance from her employer in the amount of $15,000 per year. How is this amount treated for tax purposes

Q: Ana Cole is an employee of Wilson In-Home Healthcare Services

Ana Cole is an employee of Wilson In-Home Healthcare Services. She is issued a company vehicle so that she may drive to customer sites. Which of the general valuation rules would be appropriate to com...

Q: Which of the following describes the primary difference between a 401(

Which of the following describes the primary difference between a 401(k) and a 403(b) retirement plan?

Q: Which of the following is true about fringe benefits?

Which of the following is true about fringe benefits?

Q: How is disposable income computed?

How is disposable income computed?

Q: Rubin Schaub is a payroll accountant who works for a private firm

Rubin Schaub is a payroll accountant who works for a private firm. He completed his most recent professional development course in 2005. Which of the following ethical issues has he violated?

Q: Thomas Campbell owns Veiled Wonders, a firm that makes window treatments

Thomas Campbell owns Veiled Wonders, a firm that makes window treatments. Some merchandise is custom-made to customer specifications, and some is mass-produced in standardized measurements. He has pro...

Q: Merlin Anson owns Uninix Computers, a company with five employees.

Merlin Anson owns Uninix Computers, a company with five employees. As a small business owner, he has several options for payroll processing. What factors should he consider when deciding on which payr...

Q: Sara Northman, a member of the Algonquin Indian Nation, is

Sara Northman, a member of the Algonquin Indian Nation, is a new employee at Predeo Game Design. During the process of completing her I-9, she claims that the only way to prove her identity is the Alg...