Under the FLSA, employers are subject to a civil money penalty of up to $11,000 per worker for each violation of the child labor provisions. True False
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Under the FLSA, employers are subject to a civil money penalty of up to $11,000 per worker for each violation of the child labor provisions. True False
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- The sole purpose of Social Security taxes is to provide retirement benefits to employees. True False The Social Security wage base for 2019 is $132,900. True False Taxable earnings for Social Security tax are always the same as taxable earnings for federal income tax withholding. True False Collectively, Social Security tax and Medicare tax are referred to as FICA taxes. True False The income threshold for Medicare tax indicates the income level above which no Medicare taxes are levied. True False Employees are required to contribute toward the purchase of disability insurance in all 50 states. True False The contribution limit for a SIMPLE IRA is lower than that for a 401(k) or 403(b). True False ERISA is a set of regulations that dictate the manner in which a cafeteria plan may be administered. True False Flexible spending accounts contain a use it or lose it feature that, although…The Director of Insurance may revoke, suspend, or refuse to issue a producer license for failing to pay all the following EXCEPT: California taxes child support Director-levied civil penalties license renewal feesWhich of the following is a true statement with respect to FICA? Select one: a. W-2 employees and 1099 independent contractors performing work for the same company must have FICA taxes withheld by the company they work for. b. FICA was passed in 1945 c. FICA is imposed on both employers and employees d. Partners of a business organized and taxed as a partnership are subject to FICA
- Under ASC 710-10-25-1, an employer shall accrue a liability for employees' compensation for future absences if all the following conditions are met: I. The employer's obligation relating to employees' rights to receive compensation for future absences is attributable to employees' services already performed. II. The paid absence can be taken in a later year-the benefit vests (will be compensated even if employment is terminated) or the benefit can be accumulated over time. III. Payment of the compensation is probable. IV. The amount can be reasonably estimated. If the amount cannot be reasonably estimated, None of the other answers is correct. O There is no need to disclose it. The employer shall accrue a liability in balance sheet. The employer shall disclose it in the notes to financial statements.These provide an employee with financial security upon ceasing employment. A wide variety of these exist, and withholding from gross pay for these plans is a voluntary deduction. The withholding of a portion of an employee's earnings, in compliance with a court order or other legal proceeding. Limited to the lesser of 25% of disposable earnings or the amount of disposable earnings that exceed 30 times the federal minimum wage. A flexible spending account that is designated for a specific purpose. It is a type of cafeteria plan.Question 19: Which statement is incorrect regarding wage garnishments? Answer: А. They are only ordered by a court or other legal proceeding. В. The amount of the garnishment is based on disposable earnings. С. The limit can be increased for child support. D. O If multiple garnishments are in effect, they are satisfied in the order in which they were received.
- An employee who files as Married Filing Jointly, is paid biweekly, works one job, and completed the current Form W-4 will have no federal income tax withholding if using the percentage method provided their adjusted wages do NOT exceed $Charmaine's employment was terminated by her employer on April 13 of the current year. Charmaine had worked for her employer for 3 years and was paid 3 weeks of legislated wages in lieu of notice and two weeks vacation pay with her final pay. What is the date to be recorded in Block 11 on Charmaine's Record of Employment? O April 13 of the current year O May 4 of the current year O Block 11 would not be completed O None of the aboveNote:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
- 6-13A.LO2 In oregon, employers who are covered by the state workers' compensation law withhold employee contributions from the wages of covered employees for the worker's benefit fund at the rate of 1.4cents for each hour or part of an hour that the worker is employed.Evry covered employee is also assessed 1.4 cents per hour for each worker employed for each hour or part of an hour. The employer-employee contribution for workers' conpensation are collected monthly,quarterly,annually by the employer's insurance carrier,according to a schedule agreed upon by the employer and the carrier. The insurance carrier remits the contribution to the state's worker's compensation department. Cortez Company,a covered employer in Oregon, turns over the employer -employee workers' compensation contributions to its insurance carrier by the 15th of each month for the preceding month.During the month of July,the number of full-time employee-hours worked by the company's employees was 8,270;the number of…In September, Amina hired Bryan as a delivery man. Bryan was to commence work on 1 November. On 1 October, Amina wrote to Bryan telling him that, despite their agreement, economic circumstances were such that she no longer required his services. Can Bryan sue Amina? Explain your answers in light of the principles learned on breach of contract. (maximum 500 words)When employers are subject to both federal and state wage-hour laws, they must observe the law that: a. is the more recent one b. is more favorable to the employer c. is more favorable to the employee d. has the bigger penalties
