Describe how an experience-rating system is used in determining employers’ contributions to state unemployment compensation funds

Q: please explain Employment Income and Business Income in Canada

A: The objective of the question is to understand the concepts of Employment Income and Business Income…

Q: WHAT IS THE CORRECT JOURNAL ENTRY WHEN WITHHOLDING AN EMPLOYEE'S CONTRIBUTION TO A PENSION PLAN?

A: A journal entry is a form of accounting entry that is used to report a business transaction in a…

Q: xplain the rules governing the deductibility of expenses for employees in Mauritius.

A: Employees are getting various emoluments from employer in which certain deduction are given in…

Q: Explain The various employee benefits in an organization: 1-Social Security : 2-Workers'…

A: The payments which is made by employers to its employees that are beyond the wages paid. Typically,…

Q: The Employee Retirement Income Security Act (ERISA) requires that companies fund defined-benefit…

A: The post-retirement benefits will be benefits, other than annuity disseminations, paid to…

Q: Which of the following is paid by both the employer and the employee? Group of answer choices Social…

A: Payroll tax: Payroll taxes refer to the taxes which are equally contributed by employees and…

Q: Payroll activities

A: Payroll is the salary payable to the employees for a particular period say week,…

Q: Which of the following journal entries is recorded in a general journal for the payment of the State…

A: The objective of the question is to identify the correct journal entry for the payment of the State…

Q: Who are the "accelerated filers," and what criteria are used to determine their eligibility (number…

A: Accelerated filers are a classification of public companies that have larger reporting obligations…

Q: What is the term for the employer's mandatory payroll taxes that the government has written into…

A: A payroll tax is a percentage withheld from an employee's pay by an employer who pays it to the…

Q: When is an employer-employee relationship exist?

A: Definition:

Q: What benefits accrue to companies who elect to use pension funds? How does the use of a pension fund…

A: A Pension plan is a type of retirement plan that requires an employer to contribute to a pool of…

Q: How do I account for an advance to an employee and the resulting deduction?

A: An advance to employee means to pay the salary or money to such employee before the due date.

Q: Identify generally what is defined as taxable wages by the Federal Unemployment Tax Act.

A: FUTA is the federal unemployment tax. These are the payroll taxes that help to fund the unemployment…

Q: Explain what an experience or merit rating is and how it affects the amount paid by an employer for…

A: State Unemployment Insurances taxes: These are the taxes paid by the employer to the credit of the…

Q: Saidina Laum 2. Which payroll tax is levied on both employers and employees?

A: The term "payroll tax" refers to a broad range of taxes that employers are required to pay and, in…

Q: If you give me wrong answer, I will give you unhelpful rate

A: Step 1: Introduction to the Historical CostHistorical cost refers to the cost of assets at the time…

Q: Record the employer's benefit expense.

A: Payroll taxes are defined as the amounts collected by the government or revenue collection authority…

Q: Which payroll tax is levied on both employers and employees? Both employees and employers are…

A: The payroll tax is required to be remitted to the government on the behalf of employee and is…

Q: Define the term payroll register.

A:

Q: Which of the following taxes has a ceiling and is only paid by the employer? Group of answer choices…

A: Income taxes is the amount that is charged by the government on the income earned by an individual…

Q: proper plan

A: The obligation for collecting and remitting withholding taxes to the Internal Revenue Service lies…

Q: posit for their pay. C. The fringe benefit must be subject to income tax. D. The amount of the…

A: 1  The right answer is D. The amount of the deduction must be listed on the employee's pay advice. 2…

Q: Wage and tax statatement data employer FICA Tax

A: We have the following information: Social Security Tax - 6%Medicare Tax - 1.5%

Q: Describe the costs and the basic accounting activities relating to payrolls?

A: Finance bookkeeping is basically the estimation, the executives, recording, and examination of…

Q: Describe the types of information reports under the various state unemployment compensation laws.

A: 1. Wages and Salary Reports: Employers must report employee wages and salaries to the state…

Q: Employer-sponsored Accident and Health Plans, Medical Reimbursement Pland, Long Term  Care Insurance…

A: Employer offers several benefit plans to employees which include group health care plans and…

Q: In general, how can an employer choose an appropriate discount rate for its pension plan? What…

A: Step 1: The Discount rate to be selected must be in consideration with the ability of the company to…

Q: In what account are the employer's payroll taxes recorded?         Payroll Tax…

A: The objective of the question is to identify the account in which an employer's payroll taxes are…

Q: at is the proper way to record an advance to an employee as well as

A: A salary advance is nothing more than a loan that you can give to an employee. The advance is…

Q: Generally, all deductions made from an employee's gross pay are required by law. True False

A: Gross pay or salary refers to the total amount which is mentioned in the employment contract…

Q: How does the Federal Unemployment Tax Act affect your place ofwork or prospective career?

A: The Federal Unemployment Tax Act (FUTA) is a United States federal law that imposes a federal…

Q: It is a person's earnings before deduction. Salary Wage Gross pay Net pay

A: Employment is one of the major economic activities. Employees get some remuneration from their…

Q: What are the payroll system's general tasks?

A: Payroll is the amount paid by business to the employees in the form of compensation for the given…