1. you need very rapid response time with minimal lag between input and output into your computer system, look for:

A. Real-time processing

B. Network processing

C. Batch processing

D. Remote entry processing

2. Checking inputs or outputs against predetermined constraints is called

A. Internal control

B. Parallel test

C. Validity edit

D. System safeguard

3. Payroll documentation accomplishes all of the following EXCEPT:

Provide a reference tool

Ensure procedures are followed

Provide uniformity

Simplify training

4. What is the correct chronological sequence for the following associated with direct deposit? 1. Company creates ACH file 2. Employee receives deposit in his or her bank account 3. Company collects employee information 4. Originating financial institution transmits data 5. Settlement through ACH

A. 31452

B. 31542

C. 14532

D. 13425

5. Currently, Paper and Electronic Forms 1099-NEC for nonemployee compensation are due to the IRS by:

1. January 15
2. February 28
3. February 15
4. January 31

A. January 15

B. February 28

C. February 15

D. January 31

6. Which of the following are costs incurred by the employer?

1. employee contributions to pension plan and SITW
2. FUTA payable and FICA withheld
3. health insurance and FITW
4. FUTA payable and employer FICA

7. Your firm pays half its employees hospitalization insurance premiums, remitting payment on the 30th of each month. If for the monthly pay period ending April 12, 2019, you withheld and record $2,700 for the employees share of the premiums, then on April 30, 2019, you will:

A. debit Hospitalization Insurance Expense for $2,700

B.

credit Hospitalization Insurance Withheld for $2,700

C. debit Hospitalization Insurance Expense for $5,400

D. debit Hospitalization Insurance Withheld for $5,400