Which of the following is tax-free to all employees even if only provided to highly paid employees?

• A.Cafeteria plans
• B.401(k) plans
• C.Transportation fringe benefits
• D.Athletic facilities

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A service company sends employees overseas on assignments that last no more than 4 months at a time.
Which of the following is true with respect to the taxation of those employees?

• A.The are subject to U.S. Taxation on their pay only while in the United States
• B.They are subject to U.S. taxation on their pay for the time in and out of the country
• C.They qualify for income tax exclusion under the "bona fide residence test"
• D.They qualify for an income tax exemption under the "physical presence test"

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Calculate the employee's gross pay under the FLSA based on the following data: Rate of pay per hour: $8.00 Production bonus: $25.00 Shift differential per hour: $$0.25 Total shift hours in workweek: 44

• A.$404.50
• B.$380.64
• C.$405.64
• D.$377.00

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The process of balancing multiple time sheets within a specified pay period utilizes a procedure know as:

• A.batch totaling
• B.system documentation
• C.reconciliation
• D.exception reporting

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Under the existing NACHA rules, amounts transmitted to the RDFI by 5:00 p.m. the day before payday must be posted to employees' accounts no later than:

• A.Two days before payday
• B.The opening of the business day on payday
• C.The end of the business day on payday
• D.The evening before payday

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