Which of the following amounts paidby an employer to an employee is not subject to withholding?(Points : 1)        Commissions
        Travel expensereimbursements from an accountable plan
        Salary
        Bonus
        All of the previouslylisted choices are subject to withholding

Question 92. 9 Mark the incorrectanswer. In completing W-4s, employees may claim extra allowances:(Points : 1)

        If they are payingalimony.
        If they have taxcredits.
        If they expect to havelarge amounts of itemized deductions.
        If they have high levelsof interest and dividend income.

Question 93. 93. Payors are not requiredto use backup withholding if: (Points : 1)

The taxpayer did notgive the payor his or her taxpayer identification number.
The taxpayer certifiesthat he or she is not subject to backup withholding.
The IRS informs thepayor that the taxpayer gave an incorrect identificationnumber.
The IRS informs thepayor to start withholding because the taxpayer has not reportedthe income on his or her tax return.

Question 94. 94. Steve is a single manwho lives by himself. He has one job as a computer tech. How manywithholding allowances can he claim? (Points : 1)

2
3
5
10
He can claim any numberof withholding allowances that he believes will leave him withproper withholding.

Question 95. 95. Mark the incorrectanswer. Estimated income tax payments: (Points : 1)

Need not be filed if theestimated tax, after subtracting withholding, can reasonably beexpected to be more than $1,000.
If inadequate, mayresult in nondeductible penalties.
May be based on theamount of the tax liability for the prior year.
Are made in 4installments on April 15, June 15, and September 15 of the tax yearand on January 15 of the following year.

Question 96. 96. Which of the followingtaxpayers are not required to make estimated payments? (Points :1)

A car mechanic who isself-employed and earns $50,000 a year.
A wealthy individualwhose earnings are from corporate dividends.
An employee who works ata local department store with appropriate withholding and no otherincome.
All of the previouslylisted choices must make estimated payments.

Question 97. 97. For 2014, the maximumbase for the Social Security portion of the FICA tax is: (Points :1)

$135,000
$117,000
$87,900
$84,000
None of the previouschoices

Question 98. 98. Mark the correctanswer. FICA taxes are: (Points : 1)

7.65% of all earnedincome with no limitations.
7.65% of earned incomeup to $150,000.
Paid by the employee andby the employer.
Not subject to cost ofliving adjustments each year.

Question 99. 99. For 2014, the SocialSecurity portion of the FICA tax is imposed at a rate of: (Points :1)

6.2% for the employeeand 7.65% for the employer.
6.2% for only theemployer.
6.2% for only theemployee.
6.2% for the employeeand 6.2% for the employer.
None of the previouslylisted choices.

Question 100. 100. Elwin worked at 3jobs during 2014. He earned $30,000, $27,000, and $9,000,respectively, from the jobs. What is the total amount of FICA taxthat would have been withheld from Elwin's wages? (Points : 1)

$4,054.80
$4,092.00
$5,003.10
$5,049.00
None of the previouschoices

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