In a leasing arrangement, which of the following is not assumed by the leasing company?

• A.Product research
• B.Termination of employees
• C.Payment of employees
• D.Hiring of employees

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The proper entry to record the payment of accrued wages is:

• A.Debit cash, credit salary expense
• B.Debit cash, credit accrued wages
• C.Debit salary expense, credit accrued wages
• D.Debit accrued wages, credit cash

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As part of the implementation of a new payroll system, all transactions from the most recent actual payroll are processed in the new system prior to using the system to run payrolls. This is an example of what type of testing?

• A.back-up
• B.parallel
• C.ongoing
• D.compliance

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An employee contributes $2,000 on a pretax basis to a 401(k) qualified plan. How is this pretax contribution reported on the 2009 W-2?

• A.Box 1, box 3/5, box 13 (retirement plan)
• B.Box 12, box 13 (retirement plan)
• C.Boxes 3/5, box 13, (retirement plan)
• D.Boxes 3/5, box 12, box 13 (retirement plan)

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The Fair Labor Standards Act specifically governs which of the following?

• A.When holiday pay must be provided
• B.Record keeping requirements
• C.When severance pay must be paid
• D.How vacation pay is accrued

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