Question 1

OASDI taxes are levied when the wages are earned by,rather than when paid to,employees.

Accepted Answer

A) True 
 B)False

Question 2

Instruction 3-1
  
-Refer to Instruction 3-1.During 20--,Garr was paid a weekly salary of $2,350.The amount of FICA to be withheld from the following payments is:
OASDI
HI
a)For the 50th week
__________
__________
b)For the 51st week
__________
__________
c)For the 52nd week
__________
__________

Accepted Answer

OASDI
HI
a

Question 3

To be designated a semiweekly depositor,how much in employment taxes would an employer have reported for the four quarters in the lookback period?

Accepted Answer

A)  More than $50,000. 
B)  More than $100,000. 
C)  Less than $50,000. 
D)  More than $2,500. 
E)  None of the above. 
A)  More than $50,000. 
B)  More than $100,000. 
C)  Less than $50,000. 
D)  More than $2,500. 
E)  None of the above.

Question 4

Employers file Form 941 with the IRS center of the region in which the employer's principal place of business is located.

Accepted Answer

A) True 
 B)False

Question 5

FICA defines wages as including the cash value of meals provided for the convenience of the employees.

Accepted Answer

A) True 
 B)False

Question 6

The OASDI taxable wage base is correctly defined as:

Accepted Answer

A)  all amounts earned by an employee during a calendar year. 
B)  the maximum amount of wages during a calendar year that is subject to the OASDI tax. 
C)  all amounts paid an employee during a calendar year. 
D)  all amounts either earned by,or paid to,an employee during a calendar year. 
E)  none of the above. 
A)  all amounts earned by an employee during a calendar year. 
B)  the maximum amount of wages during a calendar year that is subject to the OASDI tax. 
C)  all amounts paid an employee during a calendar year. 
D)  all amounts either earned by,or paid to,an employee during a calendar year. 
E)  none of the above.

Question 7

Employees of a state government hired before January 1,1986,and covered by a public retirement plan,are exempt from FICA coverage.

Accepted Answer

A) True 
 B)False

Question 8

The employees of a semiweekly depositor are paid every Tuesday.The accumulated payroll taxes must be deposited on or before the following Friday.

Accepted Answer

A) True 
 B)False

Question 9

Employers who fail to file employment tax returns are subject to both civil and criminal penalties.

Accepted Answer

A) True 
 B)False

Question 10

Payments made to a worker's spouse for hospital expenses in connection with an accident disability are not considered wages under FICA.

Accepted Answer

A) True 
 B)False

OASDI taxes are levied when the wages are earned by,rather than when paid to,employees.

Instruction 3-1 -Refer to Instruction 3-1.During 20--,Garr was paid a weekly salary of $2,350.The amount of FICA to be withheld from the following payments is: OASDI HI a)For the 50th week b)For the 51st week c)For the 52nd week

To be designated a semiweekly depositor,how much in employment taxes would an employer have reported for the four quarters in the lookback period?

Employers file Form 941 with the IRS center of the region in which the employer's principal place of business is located.

FICA defines wages as including the cash value of meals provided for the convenience of the employees.

The OASDI taxable wage base is correctly defined as:

Employees of a state government hired before January 1,1986,and covered by a public retirement plan,are exempt from FICA coverage.

The employees of a semiweekly depositor are paid every Tuesday.The accumulated payroll taxes must be deposited on or before the following Friday.

Employers who fail to file employment tax returns are subject to both civil and criminal penalties.

Payments made to a worker's spouse for hospital expenses in connection with an accident disability are not considered wages under FICA.

The Need for Payroll and Personal Records

Computing Wages and Salaries

Income Tax Withholding

Unemployment Compensation Taxes

Analyzing and Journalizing Payroll

Filters

Exam 3: Social Security Taxes

OASDI taxes are levied when the wages are earned by,rather than when paid to,employees.

Instruction 3-1 -Refer to Instruction 3-1.During 20--,Garr was paid a weekly salary of $2,350.The amount of FICA to be withheld from the following payments is: OASDI HI a)For the 50th week __________ __________ b)For the 51st week __________ __________ c)For the 52nd week __________ __________

To be designated a semiweekly depositor,how much in employment taxes would an employer have reported for the four quarters in the lookback period?

Employers file Form 941 with the IRS center of the region in which the employer's principal place of business is located.

FICA defines wages as including the cash value of meals provided for the convenience of the employees.

The OASDI taxable wage base is correctly defined as:

Employees of a state government hired before January 1,1986,and covered by a public retirement plan,are exempt from FICA coverage.

The employees of a semiweekly depositor are paid every Tuesday.The accumulated payroll taxes must be deposited on or before the following Friday.

Employers who fail to file employment tax returns are subject to both civil and criminal penalties.

Payments made to a worker's spouse for hospital expenses in connection with an accident disability are not considered wages under FICA.

The Need for Payroll and Personal Records

Computing Wages and Salaries

Income Tax Withholding

Unemployment Compensation Taxes

Analyzing and Journalizing Payroll

Filters

Instruction 3-1 -Refer to Instruction 3-1.During 20--,Garr was paid a weekly salary of $2,350.The amount of FICA to be withheld from the following payments is: OASDI HI a)For the 50th week b)For the 51st week c)For the 52nd week