2. what is the EIN number, and who assigns it.

3. what effect does a tax payment have on a payroll tax Liablilty

4. Be Able to identify Temporary And permenent Accounts.

5. Knowing all closing entries for temporary accounts and how they effect the capital account

6. Which types of accounts will usually appear on a post-closing trial balance

7. Be Able to prepare all necessary journal entires for a peety cash fun and a change fun note... this would include determining any cash over or short amouunts, and how they should be handled.

8. What are the policies and procedures of an internal control system designed to accomplish?

9. Be able to calculate gross earning for an employee Noyr this could include commmissions, salaries hourls wages oveertime, and double time calulations

10. Which tpyes of item resuld in a bank sending a debit memo? should the debit memo be added or suntracted by the company during the reconcilation?

11. which tpyes of item result in a bank sending a credit memo? Should the credit memo be added or suntracted by the company during the reconciliation

12. Be able to calculate "taxable earning' , and actual tax amounts for state unemployment. Federal unemployment Social Security and medicare.

13. What would be recored in the ' Sales wage Expense Account?

14. Be able to identify reconciling items and prepare a bank rereconiliation, which would include journalixing reconciling items appearing on the company side of the reconciliation.

15. For bank reconcilations, be able to identify whether an error affected the company side or the bank side, and whether the error should be added or suntracted to the cash balnce during the reconcilation\

16. Be able to calculate FICA_ soicla seurity and FICA-medicare taxes for an employee

17. Be able to identify whether a person is an employee or an independent contractior

18. Be able to calculate the ending balance in the capital account after all closing entries are prepare and posted/

19. Be able to identity if a company is using accural basis accounting, cash basis accounting, or modified cash basis accounting for recording revenuses expense

20. Be able to prepare all payroll journal entries. This would include recording the employee checks, recording the emplyers payroll taxes, and/or paying the employee checks

21. How is net pay calculated?

22 how are reconciling items appearing on the bank side and the book (ledger) side of the bank reconcilation handled and cleared by the accountant?

23. who pays FICA and Medicare taxes the employers the emplyee or both?

24. be able to identify which payroll taxes are the responsibilyu of the employee and which are the responsibiliby of the employer