CPP - Misc Flashcards
1
Q
Qualified Pension Plan no W-4P - How to w/h?
A
Married, 3 allowances
2
Q
FLSA exempts who from min salary requirement
A
Attorneys, physicians, teachers
3
Q
Independent contractor w/h rate for no TIN
A
24%
4
Q
Police Officer pay based on which schedule
A
Work period
5
Q
Highly compensated employee amount
A
$130,000
6
Q
Charitable donations via payroll deduction of what amount?
A
$250
7
Q
Minimum amount of declared tips for ER w/h?
A
$20
8
Q
What is the Chart of Accounts
A
List of accounts by name or GL
9
Q
Accounting flow steps
A
Transaction > journal > ledger > financial stmts
10
Q
What is the general ledger?
A
Record of business transactions by account
11
Q
Retention: Timecards
A
2 yrs
12
Q
Retention: FLSA
A
3 yrs
13
Q
Who regulates pay frequency?
A
States
14
Q
RDFI
A
Receiving Depository Financial Institution - EE’s bank
