Question 2: How is self-employment income calculated? Answer: A. O Self-employment income Revenue B. O Self-employment income = Revenue + Expenses C. O Self-employment income = Revenue - Expenses D. O Self-employment income = Expenses Question 10: Match each act with the year it was passed into law. 1996 Personal Responsibility and Work Opportunity Reconciliation DROP HERE 1938 Immigration Reform and Control DROP HERE 1986 Fair Labor Standards DROP HERE Question 33: Match each incentive plan to its definition. Profit-sharing Employee receives a portion of the company's profits after exceeding a predetermined level DROP HERE Stock options Employee may purchase shares of the business after meeting predetermined goals DROP HERE Sabbaticals Paid leave after working a predetermined number of years DROP HERE Cash incentives Monies received for reaching a specific sales/production goal DROP HERE Question 34: Rachel is a server at a family restaurant in Omaha, NE. As a tipped employee, she receives an hourly wage that is less than the federal minimum wage. This week, her combined hourly wages and tips was less than the federal minimum wage. What happens next? Answer: A. O Rachel's employer pays her additional wages to compensate for the deficit. B. O Additional pooled tips must be allocated to Rachel to compensate for the deficit. C. O This circumstance is acceptable, so no action is necessary. D. O Her employer may be required to pay her additional wages, depending on her total earnings in subsequent weeks. Question 35: Match each mandatory deduction with its description. Federal income tax Health insurance for individuals 65 and older or with certain disabilities DROP HERE Local income tax To fund governmental operations in a municipality DROP HERE Medicare tax Provides benefits to temporarily disabled employees DROP HERE State disability insurance Used by a wide range of governmental agencies DROP HERE Question 3: A flexible spending account is a common type of Answer: A. O cafeteria plan B. O medical plan C. O retirement plan D. O mandatory deduction

Question 2: How is self-employment income calculated? Answer: A. O Self-employment income Revenue B. O Self-employment income = Revenue + Expenses C. O Self-employment income = Revenue - Expenses D. O Self-employment income = Expenses Question 10: Match each act with the year it was passed into law. 1996 Personal Responsibility and Work Opportunity Reconciliation DROP HERE 1938 Immigration Reform and Control DROP HERE 1986 Fair Labor Standards DROP HERE Question 33: Match each incentive plan to its definition. Profit-sharing Employee receives a portion of the company's profits after exceeding a predetermined level DROP HERE Stock options Employee may purchase shares of the business after meeting predetermined goals DROP HERE Sabbaticals Paid leave after working a predetermined number of years DROP HERE Cash incentives Monies received for reaching a specific sales/production goal DROP HERE Question 34: Rachel is a server at a family restaurant in Omaha, NE. As a tipped employee, she receives an hourly wage that is less than the federal minimum wage. This week, her combined hourly wages and tips was less than the federal minimum wage. What happens next? Answer: A. O Rachel's employer pays her additional wages to compensate for the deficit. B. O Additional pooled tips must be allocated to Rachel to compensate for the deficit. C. O This circumstance is acceptable, so no action is necessary. D. O Her employer may be required to pay her additional wages, depending on her total earnings in subsequent weeks. Question 35: Match each mandatory deduction with its description. Federal income tax Health insurance for individuals 65 and older or with certain disabilities DROP HERE Local income tax To fund governmental operations in a municipality DROP HERE Medicare tax Provides benefits to temporarily disabled employees DROP HERE State disability insurance Used by a wide range of governmental agencies DROP HERE Question 3: A flexible spending account is a common type of Answer: A. O cafeteria plan B. O medical plan C. O retirement plan D. O mandatory deduction

Pkg Acc Infor Systems MS VISIO CD

10th Edition

ISBN:9781133935940

Author:Ulric J. Gelinas

Publisher:Ulric J. Gelinas

Chapter14: The Human Resources (hr) Management And Payroll Processes

Section: Chapter Questions

Problem 7DQ

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