An employee was recently married. the employer pays on the 15th and last day of every month. on June 10, the employee submitted a revised W4. When must you change the amount of his withholding?

• A.on his june 15th paycheck
• B.on his july 15th paycheck
• C.on his june 30th paycheck
• D.on his july 31 paychecl

Comment: *

Name: *

Email: *

Verification: *

All of the following types of payments are included in the regular rate of pay calculation except:

• A.an agreement with the union to pay one half of one weeks salary to workers with over 5 years of services
• B.shift differential for working the 4pm to midnight shift
• C.a traditional $50 gift certificate which the firm has paid for the past 5 years during holiday season
• D.a production bonus to be paid in June which the employer announced in jan

Comment: *

Name: *

Email: *

Verification: *

The amount of federal income tax that is withheld from an employees regular wages is determined by a formula that uses all of the following items except:

• A.a flat rate
• B.employees taxable wages
• C.filing status
• D.pay period

Comment: *

Name: *

Email: *

Verification: *

Accounting data beings with a transaction. this information is first posted:

• A.in the general ledger
• B.in the chart of accounts
• C.on the income statement
• D.in the journal

Comment: *

Name: *

Email: *

Verification: *

How would each of the following be posted?

• A.increase in asset account
• B.decrease in liability account
• C.increase a revenue account
• D.decrease an asset account
• E.increase an expense account

Comment: *

Name: *

Email: *

Verification: *