Answered: Question 8: Which of the following is…

Question 8: Which of the following is not a mandatory deduction from gross pay? Answer: A. Federal income tax withholding Union dues с. Social Security tax D. Medicare tax B.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question 5: Which of the following employee taxes is matched by the employer? Answer: А. State unemployment tax Federal income tax C. Medicare tax D. Federal unemployment tax B.
Unions dues, vacation account, 401k, insurance, subtracted from gross pay Options are: personal exemptions, tax deductions, adjusted gross income, social security tax, taxable wages, fit, net pay, personal deductions, Medicare tax, dependent, graduated income tax, and withholding allowances. Which one is it?
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Which of the following items is exempt from including into the assessable income for salaries tax purposes? Select one: a. Leave pay b. Commission c. Compensation for termination of employment not provided in the contract d. End of contract gratuities
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Question 34 (1 point) Which of the following statutory deductions would wages in lieu of notice not be subject to? Income Taxes Québec Pension Plan (QPP) contributions Canada Pension Plan (CPP) contributions Northwest Territories/Nunavut Payroll taxes
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all of the following are employer payroll taxes except what