Question 14: Alejandra owns and operates an appliance store where employees clock in and out for each shift. Per the FLSA, Alejandra rounds employee worked to the nearest 15-minute increment. On Tuesday this week, Stanley works 4 hours and 9 minutes in the morning and 3 hours and 11 minutes in the afternoon. How does Alejandra record Stanley's time? Answer: A. O 7 hours B. O 7 hours and 15 minutes C. O 7 hours and 20 minutes D. 7 hours and 30 minutes

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Question 14: Alejandra owns and operates an appliance store where employees clock in and out for each shift. Per the FLSA, Alejandra rounds employee tim
worked to the nearest 15-minute increment. On Tuesday this week, Stanley works 4 hours and 9 minutes in the morning and 3 hours and 11 minutes in the
afternoon. How does Alejandra record Stanley's time?
Answer:
A.
O 7 hours
B.
O 7 hours and 15 minutes
C.
O 7 hours and 20 minutes
D.
O 7 hours and 30 minutes
Question 13: Match each form relating to independent contractors to its intended purpose.
Form 1099-NEC
Used request a Taxpayer Identification Number
DROP HERE
Form W-9
Displays total compensation for one independent
contractor
DROP HERE
Form 1096
Totals all compensation paid to independent contractors
DROP HERE
Form SS-8
Used by the IRS to determine a worker's employment
classification
DROP HERE
Question 17: Match each additional Medicare tax earnings threshold to the filing status.
Married filing jointly
DROP HERE
Single/head of household/qualifying widower
DROP HERE
Married filing separately
DROP HERE
$125,000
$200,000
$250,000
Transcribed Image Text:Question 14: Alejandra owns and operates an appliance store where employees clock in and out for each shift. Per the FLSA, Alejandra rounds employee tim worked to the nearest 15-minute increment. On Tuesday this week, Stanley works 4 hours and 9 minutes in the morning and 3 hours and 11 minutes in the afternoon. How does Alejandra record Stanley's time? Answer: A. O 7 hours B. O 7 hours and 15 minutes C. O 7 hours and 20 minutes D. O 7 hours and 30 minutes Question 13: Match each form relating to independent contractors to its intended purpose. Form 1099-NEC Used request a Taxpayer Identification Number DROP HERE Form W-9 Displays total compensation for one independent contractor DROP HERE Form 1096 Totals all compensation paid to independent contractors DROP HERE Form SS-8 Used by the IRS to determine a worker's employment classification DROP HERE Question 17: Match each additional Medicare tax earnings threshold to the filing status. Married filing jointly DROP HERE Single/head of household/qualifying widower DROP HERE Married filing separately DROP HERE $125,000 $200,000 $250,000
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