What is the difference between policy and a procedure?

What is the difference between policy and a procedure?A . None, they serve the same purpose B. Policies are rules; procedures are instructions C. Procedures need to be documented; policies do not D. Policies can be overridden; procedures may notView AnswerAnswer: B

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When making the federal payroll tax deposit, the accounting entry to record an advance payment of EIC would be:

When making the federal payroll tax deposit, the accounting entry to record an advance payment of EIC would be:A . Debit EIC payable, credit cash B. Debit cash, credit EIC payable C. Debit FIT payable, credit cash D. Debit EIC payable, credit FICA payableView AnswerAnswer: B

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The primary responsibility of Professional Employer Organizations is:

The primary responsibility of Professional Employer Organizations is:A . Determining the client's products and services B. Establishing their client's FEIN C. Leasing the buildings and fixtures D. Co-employment of their client's employeesView AnswerAnswer: D

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On what form must mistakenly paid wages, for which no repayment is made, be reported?

On what form must mistakenly paid wages, for which no repayment is made, be reported?A . 1099-R B. W-2 C. W-4 D. 1099-MISCView AnswerAnswer: B

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How much is exempt from wages?

Bass Biting Company operates bait, tackle and boat sales store employing 12 full time clerks and salespeople in addition to the owner and his family members. Occasionally, Bass Biting assigns special work to individuals other than its regular employees and family members. Only two employees, George the President, and Earl,...

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Under FLSA what amount must this employee be paid for he work week?

A salaried-exempt executive employee is unable to work for two days in the work week because the office is closed for remodeling. The employee's weekly guaranteed salary is $500. Under FLSA what amount must this employee be paid for he work week?A . $200 B. $400 C. $300 D. $500View...

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Which of the following is the most logical order of events in a system implementation?

Which of the following is the most logical order of events in a system implementation?A . Training, development, testing evaluation B. Feasibility, evaluation, development, testing C. Conversation, training, testing, evaluation D. Testing, evaluation, training, documentationView AnswerAnswer: B

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implementation?

Which of the following would not be included in the system testing stage of an implementation?A . Volume testing B. Functional testing C. Recruiting tests D. Stress testingView AnswerAnswer: C

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Which of the following statements is CORRECT regarding a federal tax levy?

Which of the following statements is CORRECT regarding a federal tax levy?A . It does not have to be honored if any other garnishments have been served. B. It is limited only by the amount of the employee's net pay C. It is continued each pay period until a release...

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