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Which of the following does NOT represent a deductible business expense?
Which of the following does NOT represent a deductible business expense?A . Lodging while on business travel B. Golfing event following a business meeting C. Dry cleaning charges while out of town on business D. Country club duesView AnswerAnswer: D
Portability describes the attribute of software to:
Portability describes the attribute of software to:A . Print output in duplex B. Use telephone lines to communicate between physical locations C. Use video and audio D. Execute on other platforms without application code modificationsView AnswerAnswer: D
The FLSA requires which of the following records to be retained for three years?
The FLSA requires which of the following records to be retained for three years?A . Proof of workers' compensation coverage B. Document showing employee's job duties C. Daily time records D. Employee disciplinary noticesView AnswerAnswer: B
What portion of Chris' employer-paid relocation expenses is reported in box 1, "wages, tips, other compensation?
In 2009, employee Chris was transferred from her company's headquarters to a distribution center 1,000 miles away. The company reimbursed her for meal expenses totaling $100 and lodging expenses totaling $300 incurred while driving from her old residence to her new. Chris' company directly paid the moving company $2,000 for...
Which of the following would not be included in the Needs Analysis stage of a system evaluation?
Which of the following would not be included in the Needs Analysis stage of a system evaluation?A . Review of the current system B. Creating a current cost model C. Defining the company's technical direction D. System testingView AnswerAnswer: D
Which of the following is tax-free to all employees even if only provided to highly paid employees?
Which of the following is tax-free to all employees even if only provided to highly paid employees?A . Cafeteria plans B. Athletic facilities C. 401(k) plans D. Transportation fringe benefitsView AnswerAnswer: D
A pre notification may be used when an employee:
A pre notification may be used when an employee:A . Has insufficient funds in a checking account B. Loses a paycheck C. Is relocated D. Changes banking institutionsView AnswerAnswer: D
Employers in non-credit reduction states that pay their state unemployment taxes on time can deduct up to what percentage in calculating their FUTA tax payments?
Employers in non-credit reduction states that pay their state unemployment taxes on time can deduct up to what percentage in calculating their FUTA tax payments?A . 0.8% B. 6.2% C. 5.4% D. 4.5%View AnswerAnswer: C
Transactions are recorded in chronological order into books of original entry called:
Transactions are recorded in chronological order into books of original entry called:A . registers B. journals C. vouchers D. invoicesView AnswerAnswer: B
Which of the following accounts has a normal credit balance?
Which of the following accounts has a normal credit balance?A . Expense B. Asset C. Cash D. LiabilityView AnswerAnswer: D
