Question 41

When paying supplemental wages along with regular wages WITHOUT specifying the amount of each, how would a company determine the amount of income tax to withhold from the supplemental wages if the employee has been paid no supplemental wages so far during the year and the supplemental wage payment is no more than $1,000?
  • Question 42

    An employee is terminated with 3 workdays remaining in a month. The employee earned an annual salary of
    $24,000 and was paid semimonthly. What is the regular compensation due this employee for the final pay period?
  • Question 43

    Which form is used to request an employer identification number?
  • Question 44

    What document reflects the value of the assets of a corporation?
  • Question 45

    An employer that deposits payroll taxes semiweekly incurs a tax liability of $55,000 on Tuesday and a liability of $110,000 on Wednesday. When should the taxes be deposited?