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Payroll Exam

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A Taxpayer Identification Number and name reported on Form 1099-MISC can be checked by using the - ANSWER IRS's Social Security Number Verification System. Which of the following workers is an inde ... pendent contractor? - ANSWER An engineer employing assistants to complete a project Under the FLSA, a workweek consists of how many hours? - ANSWER The correct answer is 168. (24 hours X 7 Days) Under the FLSA, when determining whether a nonexempt employee is to be paid overtime, the employer uses the hours worked in a: - ANSWER workweek (Overtime is defined as all-time physically worked over 40 hours in a workweek. The FLSA requires that nonexempt employees be paid at least 150% of their regular rate of pay for all hours physically worked over 40 in a workweek). Under the FLSA, what is the minimum amount that a tipped employee, who receives at least $30.00 in tips per month, can receive in cash wages? - ANSWER $2.13 per hour ( A pay rate of $2.13 per hour for tipped employees when the minimum wage is $7.25 per hour means that employers can take a tip credit of up to $5.12 per hour, when the tips received by the employee are at least $5.12 per hour) [Show More]

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