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 dues
Answer: 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 modifications
Answer: 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 notices
Answer: 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 transporting her household goods.
What portion of Chris’ employer-paid relocation expenses is reported in box 1, "wages, tips, other compensation?"
A . $100
B. $2,400
C. $2,300
D. $0
Answer: A
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 testing
Answer: 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 benefits
Answer: 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 institutions
Answer: 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%
Answer: 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. invoices
Answer: 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. Liability
Answer: D