Question: 1. A strong internal control system requires that all payments be made from a petty cash fund.? True or False 2. Cash Short or over

1. A strong internal control system requires that all payments be made from a petty cash fund.? True or False

2. Cash Short or over is an expense account when it has a credit balance.? True or False

3. The entry to replenish petty cash includes a debit to Petty Cash Fund and a credit to Cash.? True or False

4. An employee's regular hourly rate is $9. His overtime rate is 1.5 times the regular rate. If he works 42 hours in one week, his gross pay will be $567.? True or False

5. One item that determines the amount of federal income tax withheld by the employer is an employee's marital status.?True or False

6. The employer must issue each employee a Form W-2 by January 15 of the next year.? True or False

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