Question 30: Match each form to its purpose.SS-4Used to obtain a Social Security numberDROP HEREW-4Provides information to calculate income tax withholdingDROP HERESS-5Used to obtain an Employer Identification NumberDROP HERE1-9Verifies employment eligibilityDROP HEREQuestion 12: Which of these is a credit reduction state/territory?Question 15: Union dues are considered adeduction.Answer:Answer:A.O ConnecticutA.O cafeteriaB.O OhioB.O insuranceC.O VirginiaC.O mandatoryD.O U.S. Virgin IslandsD.O voluntaryQuestion 14: Alejandra owns and operates an appliance store where employees clock in and out for each shift. Per the FLSA, Alejandra rounds employee timeworked 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 theafternoon. How does Alejandra record Stanley's time?Answer:A.O 7 hoursB.O 7 hours and 15 minutesC.O 7 hours and 20 minutesD.O 7 hours and 30 minutesQuestion 13: Match each form relating to independent contractors to its intended purpose.Form 1099-NECUsed to request a Taxpayer Identification NumberDROP HEREForm W-9Displays total compensation for one independentcontractorDROP HEREForm 1096Totals all compensation paid to independent contractorsDROP HEREForm SS-8Used by the IRS to determine a worker's employmentclassificationDROP HEREQuestion 16: Most columns on the left side of the employee earnings record relate to employee earnings, while columns on the right relate toAnswer:A.O allowancesB.O deductionsC.O regular hours workedD.O overtime hours workedQuestion 17: Match each additional Medicare tax earnings threshold to the filing statusMarried filing jointly$125,000DROP HERESingle/head of household/qualifying widower$200,000DROP HEREMarried filing separately$250,000DROP HERE

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Question 30: Match each form to its purpose. SS-4 W-4 SS-5 1-9 DROP HERE DROP HERE DROP HERE DROP HERE Used o obtain a Social Security number Provides information to calculate income tax withholding Used obtain an Employer Identification Number Verifies employment eligibility

Question 30: Match each form to its purpose. SS-4 W-4 SS-5 1-9 DROP HERE DROP HERE DROP HERE DROP HERE Used o obtain a Social Security number Provides information to calculate income tax withholding Used obtain an Employer Identification Number Verifies employment eligibility

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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