Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Obligations & Respon
Business Obligations and Responsibilities
| Question | Answer |
|---|---|
| Four records that are needed to satisfy the Board of Equalization | gross receipts from sales of tangible, substance report, all bills, receipts, invoices, cash register receipts, total purchases prices of tangible personal property, paper work used to calculate and prepare taxes |
| What agency do you collect, hold, and pay sales tax to? | State Board of Equalization |
| How often do you collect, hold and pay sales taxes to the State Board of Equalization? | monthly or quarterly |
| True or False. Name of employee should be on the W-4? | TRUE |
| True or False. Address of employee should be on the W-4 form. | TRUE |
| True or False. SSN should be in the W-4 form. | TRUE |
| True or False. Number of dependents withholding should be on the W-4. | TRUE |
| What is the rate of self-employment tax? | 15.30% |
| What agency is self-employment tax paid to? | IRS |
| How often is self-employment tax paid? | quarterly estimates: file annually |
| Who do you send the W-2 form to? | Copy A goes to Social Security Administration, Copy to state, city, or local tax department, copy to employee |
| How often do you send the W-2 form? | Once per year, no later than January 31 of the preceding year |
| What is the DE 34 used for? | Reporting the hiring of a new employee to the EDD |
| What is the base rate for the State Unemployment Insurance? | 3.40% |
| What agency do you pay the State Unemployment Insurance tax to? | EDD |
| What is the base rate for the Federal Unemployment Tax Act? | 0.06% |
| What is the base rate for the FICA? | 7.65% |
| What is At-Will policy? | Employee may quit at any time without notice or employee may terminate without notice |
| Probation period should be used when in an At-Will Policy? | In the beginning of employment |
| What type of environment is it when sexual jokes, suggestive remarks and physical interference is allowed? | Hostile |
| What type of harassment is it when an employee has to go out with the manager in order to receive a bonus? | Quid Pro Quo |
| Bona Fide Occupational Qualification is legal when? | Relationship between classification and job performance; necessary for the successful performance; job performance affected is the essence of the employer's business operation |
Created by:
kalimu12
Popular Business sets