Refresher Part 1

Question 1

How much is my earned hour if I will accrue 3 hour per 70 hours of worked?

Accepted Answer

0.0429

Question 2

It is a three-month periods that determine when payroll taxes are paid and reported to the government.

Accepted Answer

Payroll Quarters

Question 3

It is the payment before services are provided or can serve as loan.

Accepted Answer

Advance Payment

Question 4

It is the calendar used to determine pay dates for all employees.

Accepted Answer

Pay Schedule

Question 5

How many updates for bi-weekly employee?

Accepted Answer

26

Question 6

What is accrued time off?

Accepted Answer

Time off that has been earned but not yet used.

Question 7

Employee earns a small increment of paid time off for each hour worked.

Accepted Answer

Per Hour Worked

Question 8

What is the supplemental rate for wages $1000000 and over?

Accepted Answer

37

Question 9

It is to know how often employee is paid.

Accepted Answer

Payroll Frequency

Question 10

How much is my earned hours on each period if I put 80 hours accrued hours in a year for semi-monthly employee?

Accepted Answer

3.33

Question 11

Type of wage where the rate is not less than 1.5 times the regular hourly rate of the pay and occurs if worked over 40hr

Accepted Answer

Overtime

Question 12

This is often done when an employee wants to designate an entire paycheck to a retirement plan or income tax?

Accepted Answer

Zero Net Check

Question 13

This offer a fixed time off per year, divided equally in every paycheck, based on the number of pay periods in the year.

Accepted Answer

Each pay period

Question 14

What is the Federal minimum wage as of July 2009?

Accepted Answer

$7.25/hr

Question 15

How much is my earned hours on each period if I put 60 hours accrued hours in a year for monthly employee?

Accepted Answer

5.00

Question 16

How many pay dates for semi-monthly employee?

Accepted Answer

24

Question 17

It increase the amount of gross, so that the EE receives the desired net amount and ER cover both EE and ER taxes.

Accepted Answer

Gross Up Check

Question 18

A compensation over and above the amount of pay specified as a base salary or hourly rate.

Accepted Answer

Bonus

Question 19

Who will decide for the accrued time off?

Accepted Answer

Employer

Question 20

It is the length of time the employee worked.

Accepted Answer

Pay Period

Question 21

An employee that is exempt from overtime pay and minimum wage requirements.

Accepted Answer

Salaried Employee

Question 22

It is the dates of the employees are paid and determines when the payroll taxes are due.

Accepted Answer

Payroll Dates

Question 23

It is a check that is considered as supplemental wages and not as regular wages.

Accepted Answer

Bonus Check

Question 24

An employee that is non-exempt from labor laws like overtime and minimum wage requirement.

Accepted Answer

Hourly Employee

Question 25

It is paying an employee a fixed pay rate for each unit they produce. It is most common for contractor employees.

Accepted Answer

Piecework

Question 26

It doesn’t need to accrued hours for their employee, since there is no limit.

Accepted Answer

Unlimited

Question 27

A gratuity paid in cash and reports the amount to the employer to withhold taxes in creating paycheck.

Accepted Answer

Cash Tips

Question 28

How much is my earned hour if I will accrue 1 hour per 40 hours of worked?

Accepted Answer

0.025

Question 29

It is a paid time off for religious, government, or bank holidays when a business may be closed.

Accepted Answer

Holiday Pay

Question 30

It is a gratuities that employee earn for providing quality service.

Accepted Answer

Tips

Question 31

What is the supplemental rate for wages lesser than $1000000?

Accepted Answer

22

Question 32

Income from salaries, wages, commissions, bonuses, and tips is not considered taxable earned income.

Accepted Answer

False

Question 33

How many pay dates for monthly employee?

Accepted Answer

12

Question 34

All payroll tax returns (941’s, state taxes, W2’s) must reflect wages based on which of the following?

Accepted Answer

Pay Dates

Question 35

How much is my earned hours on each period if I put 70 hours accrued hours in a year for weekly employee?

Accepted Answer

1.35

Question 36

It contain the employee’s regular wages from the most recent pay period, along with other types of compensation.

Accepted Answer

Termination check

Question 37

A gratuity paid on an employee’s paycheck.

Accepted Answer

Paycheck Tips

Question 38

An employee that is paid for each hour, generally have service, retail, part-time or non-managerial roles.

Accepted Answer

Hourly Employee

Question 39

It is a take home pay, or what’s left after payroll taxes and deductions are taken out.

Accepted Answer

Net Pay

Question 40

How many months in a quarter?

Accepted Answer

3

Question 41

It is the total paycheck earnings before payroll taxes and deductions are taken out.

Accepted Answer

Gross Pay

Question 42

How many pay dates for weekly employee?

Accepted Answer

52

Question 43

How much is my earned hours on each period if I put 50 hours accrued time in a year for bi-weekly employee?

Accepted Answer

1.92

Question 44

A type of compensation that’s based on sales performance or completion of a task and can be paid in addition to salary

Accepted Answer

Commission

Question 45

Wage where the rate is 2 times the regular hourly rate and work beyond 12hr as well as worked on the 7th consecutive day

Accepted Answer

Double Overtime

Question 46

It covers time-off taken by an employee due to the death of another individual, usually a close relative.

Accepted Answer

Bereavement

Question 47

An employee who is paid based on prearranged compensation.

Accepted Answer

Salaried Employee

Question 48

Payroll frequency affects taxation on paychecks in which of the following ways?

Accepted Answer

EE's payroll frequency dictates the total amount of FIT withheld.

Question 49

Accrued time off a lump sum once a year, usually at the beginning of the year or on anniversary date.

Accepted Answer

Once a year

Refresher Part 1

Questions 49

Refresher Part 1

Questions 49