10/13/2018 CengageNOWv2 | Online teaching and leaming resource from Cengage Lesarning a. Cumulative Employee Earnings...

80.2K

Verified Solution

Question

Accounting

image

10/13/2018 CengageNOWv2 | Online teaching and leaming resource from Cengage Lesarning a. Cumulative Employee Earnings b. Employee Net Pay c. Deductions and Taxes d. Employee Gross Pay 26. MC.08.021 The number assigned to employers by the IRS for use in submitting and reporting tax payments is: a. IPay b. EIN c. FUTA d. TIPN 27. MC. 08.033 Which of the following frauds refers to recording of someone in the payroll system who does not work for the business? a. Ghost employee fraud b. Federal expense fraud c. Employee expense-fraud d. Not hired employee fraud 28. MC.08.035 What is NOT an example of internal control procedures that help prevent payroll fraud? a. Conduct periodic unannounced audits b. Require mandatory vacations c. Make sure only one person handles payroll functions d. Outsource Payroll Administration 29. MC.08.041 Which of the following statements is NOT true about Workers' Compensation Insurance? a. Employers normally pass along the cost of coverage to employees. b. Employers generally pay premiums in advance. c. Premium rates vary based on risk and claims. d. Most states require employers to provide coverage

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students