NO.42 The financial statement that is used to evaluate the performance of a business by matching its revenue and related expenses for a particular accounting period is a:

NO.43 If an employee working abroad with a tax home in a foreign country passes the “physical presence test,” to what may the employee be eligible?

NO.44 Employer-sponsored athletic facilities may not be nontaxable fringe benefits if the:

NO.45 Which of the following is an example of a system edit?

NO.46 In a relational database, a field is represented as:

NO.47 Which of the following features is LEAST likely to be considered when looking at the security of a new payroll system?

NO.48 Assume that an independent contractor is a foreign person. What form is he most likely to complete?

NO.49 Which of the following employees is most likely to be an exempt professional under FLSA?

NO.50 The entry to record a salary advance to an employee is:

NO.51

What is the total amount reported in box 10, “Dependent care benefits?”

NO.52 The effective minimum hourly rate that tipped employees must receive is which of the following?

NO.53 Procedures governing employers’ payment of wages by direct deposit are governed by:

NO.54 How should a manager provide negative feedback to an employee?

NO.55 If an employee fails to furnish the employer with a Form W-4, the employer is required to withhold federal income tax at the rate of:

NO.56 Which of the following would never be delegated to a manger’s subordinates?

NO.57 Which of the following general ledger accounts is integral to a quarterly deposit reconciliation?

NO.58 Which of the following plans describes a cafeteria plan under section 125 of the Internal Revenue code?

NO.59 In 2010, an individual worked for three employers during the calendar year, earning $38,000, $39,000, and
$35,000 respectively. What is the total amount of social security and Medicare taxes that should be withheld from the employee’s wages by the three employers?

NO.60 A cross-functional work team is an important element of:

NO.61 Employee Jack, a nonexempt employee, must travel by plane from Chicago to Houston to inspect the security system recently, installed at a client’s site. Jack is normally scheduled to work from 8:00 a.m. to 5:00 p.m., Monday through Friday. Jack arrives at Chicago O’Hare airport on Sunday at 4:00 p.m. and lands at Houston Intercontinental airport at 6:00 p.m. Jack begins work at 8:00 a.m. on Monday, works through lunch, and returns to the airport for his return flight at 5:00 p.m. He arrives in Chicago at 7:00 p.m. Monday evening.
Under FLSA, how many hours of pay are due Jack for Sunday and Monday?

NO.62 The popular term used to describe traditional theories and perceptions is”:

NO.63 What does it mean if, at the end of an accounting period, a company has a debit balance in a liability account?

NO.64 An employer is allowed under deferral law to pay overtime for all hours worked over 80 in a biweekly period.
In what type of industry is this employer likely to be engaged?

NO.65 Which of the following would probably not require an electronic interface from the payroll/human resources system?