Calculate the price
your order:

275 words
Approximate price
$ 0.00

Mod 7 payroll accounting quiz 1. A federal unemployment tax is levied on: A) employees only. B) both employers and employees. C) employers only. D) government employers only. E) no one. 2. For FUTA purposes, an employer can be any one of the following except: A) an individual. B) a partnership. C) a trust. D) a corporation. E) All of these can be employers. 3. Included under the definition of employees for FUTA purposes are: A) independent contractors. B) insurance agents paid solely on commission. C) student nurses. D) officers of a corporation. E) members of partnerships. 4. Which of the following is not a factor considered in determining coverage of interstate employees? A) Location of base of operations B) Place where work is localized C) Location of company’s payroll department D) Location of employee’s residence E) Location of place from which operations are controlled 5. An aspect of the interstate reciprocal arrangement concerns: A) the status of Americans working overseas. B) the taxability of dismissal payments. C) the determination of an employer’s experience rating. D) the transfer of an employee from one state to another during the year. E) none of these. 6. Which of the following types of payments are not taxable wages for federal unemployment tax? A) Retirement pay B) Cash prizes and awards for doing outstanding work C) Dismissal pay D) Bonuses as remuneration for services E) Payment under a guaranteed annual wage plan 7. Which of the following payments are taxable payments for federal unemployment tax? A) Christmas gifts, excluding noncash gifts of nominal value B) Caddy fees C) Courtesy discounts to employees and their families D) Workers’ compensation payments E) Value of meals and lodging furnished employees for the convenience of the employer 8. If the employer is tardy in paying the state contributions, the credit against the federal tax is limited to what percent of the late payments that would have been allowed as a credit if the contributions had been paid on time? A) 6.2 B) 90 C) 5.13 D) 20 E) 0 9. Which of the following provides for a reduction in the employer’s state unemployment tax rate based on the employer’s experience with the risk of unemployment? A) Voluntary contribution B) Title XII advances C) Pooled-fund laws D) Experience-rating plan E) None of these 10. Voluntary contributions to a state’s unemployment department are: A) allowed in all states. B) designed to increase an employer’s reserve account in order to lower the employer’s contribution rate. C) capable of being paid at any time with no time limit. D) returned to the employer at the end of the following year. E) sent directly to the IRS. 11. If the employer has made timely deposits that pay the FUTA tax liability in full, the filing of Form 940 can be delayed until: A) December 31. B) February 15. C) February 10. D) February 1. E) March 31. 12. The person who is not an authorized signer of Form 940 is: A) the individual, if a sole proprietorship. B) the accountant from the company’s independent auditing firm. C) the president, if a corporation. D) a fiduciary, if a trust. E) All of these are authorized signers. 13. When making a deposit of FUTA taxes, the employer must make the deposit by the: A) end of the month after the quarter. B) 15th of the month after the quarter. C) 10th of the month after the quarter. D) same day of the FICA and FIT deposits. 14. An employer must deposit the quarterly FUTA tax liability if the liability is more than: A) $3,000. B) $500. C) $1,000. D) $1. E) $100. 15. In order to avoid a credit reduction for Title XII advances, a state must repay the loans by: A) the end of the year of the loans. B) the end of the year the credit reduction is scheduled to take effect. C) the end of the third year after the year of the loans. D) November 10 of the year the credit reduction is scheduled to take effect. E) June 30 of the year after the loans.


Unlock your academic potential with! Place your essay order today and experience top-notch writing services that guarantee academic success. Our expert writers are ready to craft customized papers that will exceed your expectations.Don't wait, order now and elevate your grades

Order Now

Basic features

  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support

On-demand options

  • Writer's samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading

Paper format

  • 275 words per page
  • 12pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, CHicago/Turabian, Havard)

Guaranteed originality

We guarantee 0% plagiarism! Our orders are custom made from scratch. Our team is dedicated to providing you academic papers with zero traces of plagiarism.

Affordable prices

We know how hard it is to pay the bills while being in college, which is why our rates are extremely affordable and within your budget. You will not find any other company that provides the same quality of work for such affordable prices.

Best experts

Our writer are the crème de la crème of the essay writing industry. They are highly qualified in their field of expertise and have extensive experience when it comes to research papers, term essays or any other academic assignment that you may be given!

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:

Expert paper writers are just a few clicks away

Place an order in 3 easy steps. Takes less than 5 mins.