Which of the following employee benefits is taxable compensation?

• A.sick pay
• B.qualified transportation fringes
• C.health savings account
• D.workers compensation benefits

Comment: *

Name: *

Email: *

Verification: *

Which of the following statements is correct regarding section 125 plans?

• A.any benefits received in cash are not taxed
• B.benefits can be changed during the plan year if there is a qualified change in status
• C.employees working 10 hours a week or more must be included in the companys section 125 plan
• D.at the end of the plan year, employees receive cash payments for amounts remaining

Comment: *

Name: *

Email: *

Verification: *

A company is located in a state with no state or local income taxes. when grossing up holiday bonuses for employees who have already earned more than $137,700 but less than $175,000 the payroll department should divide the amount of the bonus by what percentage?

• A.76.55%
• B.71.55%
• C.67.35%
• D.75%

Comment: *

Name: *

Email: *

Verification: *

When must overtime be paid?

• A.each week
• B.with the next payroll
• C.as soon as practically possible

Comment: *

Name: *

Email: *

Verification: *

Under the FLSA, an employee's workday is defined as:

• A.time recorded on the employees time sheet
• B.scheduled shift
• C.entire time spent on the job site
• D.time the employee is performing principal activities

Comment: *

Name: *

Email: *

Verification: *