Term
| The amount of days an employee has to turn in a new W-4 if the number of allowances decreses |
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Definition
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| Four categories of statutory employees |
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Definition
| Agent drivers, Full time life insurance salespersons, Homeworkers, traveling or city salespersons |
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| Two categories of statutory employees |
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Definition
| Qualified real estate agents, Direct sellers |
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Term
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Definition
| Special groups of employees identified by law whose wages are not subject to FITW but are subject to FICA and FUTA |
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Definition
| Workers who may qualify as a common law employee but are treated under the law as independent contractors who compensation is not subject to federal income tax withholding or employment taxes |
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| Used to determine the relationship of a workers to the organization for which services are performed. ABC=Absence of control, Business is unusual and or away, Customarily independent contractor |
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| Requires employers that accumulate a tax liability of $100,00 or more during a deposit period to deposit the withheld taxes within one banking day the liability was incurred |
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| Automated Clearning House, processes electronic payments between the ODFI and the financial institution designated by th employees to receive the payment and coordinates the financial settlement between the participating financial institutions |
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Definition
| A cash award made to an employee that generally results from legal action to remedy a violation of federal or state wage-hour or employment discrimination laws |
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Definition
| Test that measures the control and direction that an employer has the authority to excercise over a worker. |
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Definition
| Paid time off granted to an employee or working extra hours. |
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Definition
| Anything that is too insignificant tomerit legal scrutiny. Does not apply to cash or cash equivalents except supper money |
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Definition
| A tax credit that is available to low-income employees. It may be taken when the employee files his or her individual tax return or partially paid in advance by the employer during the year. |
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Definition
| Equal Employment opportunity Commission. Federal agency responsible for administering and enforcing Civil Rights Act of 1964, Age Discrimination in Employment Act of 1967, Americand with Disabilities Act of 1990 and Equal Pay Act of 1963 |
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Definition
| the turning over of unclaimed wages to the state after a period of time determined by state law |
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Definition
| Family and Medical Leave Act law guaranteeing 12 weeks unpaid leave to most employees to care for newborn or newly adopted children or to deal with a serious illness or injury suffered by the employee or an ailing child, spouse, or parent of the employee |
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Definition
| An arrangement between an employer and a nonexmept employee to pay the employee a fixed weekly salary even though the employees hours may vary from week to week |
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Definition
| Employees who are covered by the minimum wage and overtime provisions of the FLSA. They may be paid on an hourly or salary basis |
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Definition
| A standard used to determine whether a worker can be treated as an independent contractor whether or not the common law test is met |
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| Law passed in response to corporate financial scandals that imposes requirements on publicly held compnaies designed to restore investor and public ocnfidence in corporate cinancial management |
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Definition
| Compensation received by the employees other than their regular pay such as bonuses, commissions and severance pay |
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Definition
| Application for Employer Identification # |
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Definition
| Application for a SS Card |
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Definition
| Determination of Worker Status for purposes of federal employment taxes |
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Definition
| Employer Report of Special Wage Payments |
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Term
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Definition
| Transmittal of Corrected Wage and Tax Statements |
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Definition
| Withholding Certificate for Pension or Annuity Payments |
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Definition
| Earned Income credit Advance Payment Certificate |
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Definition
| request for Federal Income Tax Withholding from sick pay |
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Definition
| Application for IRS Individual Taxpayer Identification # |
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Definition
| Release of levy, displays total amount due |
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Term
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Definition
| Notive of levy on wages, salary, other income |
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Definition
| Claim for Refund and Request for Abatement |
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Term
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Definition
| Multi-State Employer and Credit Reduction Information |
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Term
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Definition
| Employers Quarterly Federal tax return |
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Term
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Definition
| Employers Mothly Federal tax return |
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Term
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Definition
| Employers Annual Federal Tax return for Agricultural Employees |
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Term
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Definition
| Annual Return of Withheld Federal Income Tax. To report amounts withheld throughout the year from non payroll items such as pensions, annuities, gambling winnings etc. |
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Term
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Definition
| Annual Withholding Tax Return for US Source Income of Foreign Persons, amounts paid and taxes withheld from nonwage compensation reported annually. |
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Term
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Definition
| Foreign Persons US Source Income Subject to Withholding to report all income received by a nonresident alien that does not have to be reported on W-2. Payer must send each alien as well as IRS Form 1042-S |
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Definition
| Annual Summary and Transmittal of Forms summarizes and attaches to 1042-S |
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Term
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Definition
| Annual Summary and transmittal of US Information returns. Summarizes that information appearing on the employer’s 1099 forms. |
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Definition
| Long term care and Accelertated Death benefits |
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Term
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Definition
| Distributions for Retirement, Pensions |
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Term
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Definition
| Contract Coverage Under Title II of the SS Act |
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Definition
| Employees Report of Tips to Employer |
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Term
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Definition
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Term
| 2009 Social Security Wage Base & Rate |
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Definition
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Definition
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Term
| Workers hired through a temporary help agency are employees of.. |
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Definition
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Term
| The IRS usually depends on this to make a worker status determination |
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Definition
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Term
| Technical are excluded from the reasonable basis test? T/F |
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Definition
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Term
| Reciprocity agreements require employers to withhold state income tax only for the employee's.. |
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Definition
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Term
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Definition
| provides limited tax relief for taxpayers faced with classification issues employers may treat an individual as an independent contractor. Must show that more than 25% of industry treats as indep contractors |
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Term
| An IRS agent conducting and employment tax audit must give the employer written notice of the availablity of the Section 530 protections T/F? |
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Definition
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Term
| All of the following are statutory employees EXCEPT: full time insurance agents, real estate agents, homeworkers, traveling salespersons. |
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Definition
| Qualified real estate agents |
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Term
| The general requirement that must be met for workers to be considered statutory employees |
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Definition
| They have a continuing relationship with the employer |
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Term
| A strong factor in determining whether an employee is exempt from the minimum wage and overtime provisions of the FLSA |
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Definition
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Term
| Taxable or nontaxable? Membership fees to an athletic club |
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Definition
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Term
| Taxable or nontaxable? No additional cost services |
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Definition
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Term
| Taxable or nontaxable? de minimis fringes |
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Definition
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Term
| Taxable or nontaxable? Qualified employee discounts |
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Definition
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Term
| Business standard mileage rate for 2009 |
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Definition
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Term
| IRS approved rate for employer provided fuel for 2009 |
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Definition
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Term
| An employer must withhold on group term life insurance in excess of $50,000 fow which taxes? |
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Definition
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Term
| What condition does not need to be met for job related education assistance to be excluded from income? |
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Definition
| mt be covered by an Educational Assistance Program |
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Term
| Under the fixed date method for substantiating business travel expenses and advance can be provided no more than how many days an expense is incurred? |
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Definition
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Term
| For what travel expense may an employer use the high-low per diem rate instead of the individual federal per diem rate of the locality of travel? |
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Definition
| lodging, meals and incidental expenses not just meals and incidentals and the travel within CONUS |
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Term
| The cost of moving household goods a movng expense T/F? |
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Definition
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Term
| Restaurant employers can participate in the Attributed Tip Income Program by using what form? |
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Definition
| Form 8027 filing after the end of the calendar year |
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Term
| The method used by employer when valuing vehicles |
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Definition
| the special valuation method and the employee uses the same or the general valuation method |
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Term
| A pre tax deduction will result in more or less take home pay than an after tax deduction? |
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Definition
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Term
| The FMLA is administered by who? |
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Definition
| The Division of Labor Wages and Hour Division |
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Term
| Employers can require to use what benefits as part of the 12 week guaranteed leave under the FMLA? |
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Definition
| vacatin, personal, sick, or medical leave |
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Term
| AT what age is an employee no longer subject to a 10% excise tax when the employee receives a distribution from his or her qualified retirement plan? |
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Definition
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Term
| To offer a SIMPLE plan an employer must have how many employees? |
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Definition
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Term
| FMLA applies to private sector employers with how many employees? |
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Definition
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Term
| Which section of the IRC regulates cafeteria plans? |
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Definition
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Term
| What taxes are payments received as workers com subject to? |
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Definition
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Term
| Under a dependent care assistance flexible spending arrangement employees may be reimbursed up to what amount of dependent expenses for each plan year? |
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Definition
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Term
| For 2009 the max amount of salary that an EE may elect to defer to a 401K plan that does not allow a cath up contribution is |
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Definition
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Term
| EE salary deferrals are subject to what taxes? |
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Definition
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Term
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Definition
| Actual deferral percentage |
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Term
| Which taxes are elective deferrals to a 457 plan for publice sector EE subject to if the ER is subject to SS and Med? |
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Definition
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Term
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Definition
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Term
| Five major areas FLSA regulates |
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Definition
| Minimum wage, overtime, child labor, equal pay, reccordkeeping |
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Term
| When an employer should put a withholding order into effect |
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Definition
| first pay period beginning after 14 working days following the mailing of notice |
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Term
| The goal of a voluntary contribution |
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Definition
| increase the employers reserve ratio to the next higher bracket on the states unemployment rate table which corresponds to the next lower bracket |
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Term
| If the FUTA tax liability is more than how much is a deposit required? |
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Definition
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Term
| If the FUTA tax is due on a Saturday when is it due? |
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Definition
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Term
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Definition
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Term
| Employers who have a great deal of turnover have a higher or lower experience rate? |
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Definition
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Term
| Employees who are eligible for unemployment insurance |
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Definition
| laid off or terminated or reduction in hours |
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Term
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Definition
| considers the relationship between the unemployment benefits charged to the employer during a stated period and the employers total taxable payroll for the same period. |
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Term
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Definition
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Term
| Factors in determining which state an EE should be allocated for unemployment insurance purposes |
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Definition
| place where the work is localized |
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