It is always legal to deduct cash shortages resulting from an employee's negligence from an employee's wages.

A Self-Employed individual is NOT required to contribute to Social Security and Medicare.

An employee's calculated overtime rate is only based on their base rate of pay and does not include other compensation such as bonuses or commissions.

Form W-10 is used to report an employee's earnings and deductions for the calendar year.

A piece rate system is not a method allowed for calculating employee wages.

The form filed annually with the IRS to calculate and report Federal Unemployment Taxes is form 940.

An employee's gross earnings is charged (distributed) to Payroll General Ledger Expense Accounts.

At times, it might be prudent for a business to seek professional guidance pertaining to labor laws.

One of a businesses key assets that does not appear in a Balance Sheet is their employees.

An employee's work week is ALWAYS based on 40 hours.

Working owners of "pass thru" types of business organizations are generally not considered to be employees.

A federal tax deposit is made up of federal income taxes withheld and both the employee's and employer's portion of payroll taxes.

Normally self-employed individuals are NOT required to estimate and make any advance payments for self employment or income taxes.

The IRS requires employers to pay or deposit employment taxes and withholdings on a "pay as you go" basis.

An employer uses Form I-9 to verify the identity and employment authorization of individuals hired for employment in the United States.

None of the fringe benefits provided by an employer are subject to any special rules, laws, or regulations.

The Fair Labor Standards Act requires an employer to pay double time for hours worked on a holiday.

Most states have a state income tax and require employers to withhold these taxes from their employee's earnings.

Paid vacations and employee sick leave are not examples of employee benefits.

Generally, in order for an employee to NOT be classified as exempt by the Fair Labor Standards Act the must be paid on an Hourly Basis.

Bonuses, if paid to any employee, must be paid to all employees.

The payroll record that records all the payroll checks issued to all employees is called the Payroll Journal.

All fringe benefits provided by employers are required by law.

An employer who has any "tipped" employees is subject to special rules that apply to how tips are paid and reported.

An employee regardless of how their pay is calculated must receive at least the minimum wage for the hours they worked.