Home Library Explore SAT

Home Library Explore SAT

Kraft 1 Flashcards | StudBud

Explore/Kraft 1

Kraft 1

8 terms·StudBud Administration

Imported from external platform

Flashcards8 cardsFPractice quizPHost liveL

Questions 8

Answers

1
6. Everyone in the U.S. pays the same tax rate.
True
False
2
1. Which form do employees in the U.S. usually receive to report their annual earnings?
W-4
W-2
W-9
I-9
3
8. Which of these could be considered 'non-compliance' in payroll?
Paying on time
Not withholding taxes properly
Giving employees tax advice
Reporting wages on time
4
7. What’s the main purpose of the IRS?
Manage students loans
Regulate work hours
Approve payroll software
Collect taxes and enforce tax laws
5
2. What does the term 'withholding' refer to?
Money deducted from the paycheck
Net income
A bonus
Extra money paid to the employee
6
5. If your pay is 'gross pay,' it means...
Your salary before deductions
A bad paycheck
Your salary after deductions
Your base salary
7
4. April 15 is typically the deadline for...
Paying utility bills
Submitting job applications
Payroll adjustments
Filing annual tax returns
8
3. Which of the following is a common payroll deduction?
Netflix subscription
Federal Income Tax
Personal loans
Car insurance