Questions from Payroll Accounting


Q: Which of the following are always post-tax deductions?

Which of the following are always post-tax deductions?

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Q: To which two months does the special accounting rule pertain to?

To which two months does the special accounting rule pertain to?

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Q: Taylor Struyk is an employee of New York Boutiques, Inc.

Taylor Struyk is an employee of New York Boutiques, Inc. She is a traveling salesperson who routinely meets with customers at their places of business. Which of the following fringe benefits would be...

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Q: Samuel Alescio is an accountant for Diado, a large, multinational

Samuel Alescio is an accountant for Diado, a large, multinational firm. He notices that the new state payroll tax updates have not been installed in the firm’s software during payroll procesing. What...

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Q: Which of the following is a co-requisite of a health

Which of the following is a co-requisite of a health savings account (HSA)?

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Q: What is the annual maximum amount that an employee may contribute to

What is the annual maximum amount that an employee may contribute to a flexible savings arrangement, before it becomes taxable income?

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Q: West Virginia State University has a policy of hiring students to work

West Virginia State University has a policy of hiring students to work in its bookstores and cafeterias. Assuming that 138 students work for the university at minimum wage rates, what is the total amo...

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Q: Mike Mallin is an employee of All-Adventure Tours. All

Mike Mallin is an employee of All-Adventure Tours. All-Adventure Tours offers tuition reimbursement as a fringe benefit. What is the maximum amount that may be excluded from his taxes as a fringe bene...

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Q: Juan Potter is an employee of Convergent Technologies whose job is strictly

Juan Potter is an employee of Convergent Technologies whose job is strictly based in the company’s office. His employer has authorized his use of the company vehicle for commuting purposes (for both o...

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Q: Cameron Levitt is the payroll accountant for Glowing Yoga. He is

Cameron Levitt is the payroll accountant for Glowing Yoga. He is preparing a presentation about Section 125 cafeteria plans. Which of the following items may qualify for inclusion in a cafeteria plan?...

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