It is a long established fact that a reader.
It is a long established fact that a reader.
It is a long established fact that a reader.
It is a long established fact that a reader.
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NEW QUESTION # 150
One of the options in an employee's cafeteria benefit plan is a dependent care flexible spending account. He earmarked $100 per month to the account to pay for child care but spend only $1000 by the end of the plans grace period. at the end of the grace period, what happens to the $200 left in the account?
Answer: A
NEW QUESTION # 151
Which of the following plans may be treated as a nonqualified plan?
Answer: D
Explanation:
Comprehensive and Detailed Explanation:
A 457(b) plan is a nonqualified deferred compensation plan offered primarily to government and tax-exempt employees.
Option A (401(k)) and Option B (403(b)) are qualified retirement plans under ERISA.
Option C (408(p)) refers to a SIMPLE IRA, which is also a qualified plan.
Reference:
IRS - 457(b) Plan Rules and Compliance
Payroll.org - Qualified vs. Nonqualified Retirement Plans
NEW QUESTION # 152
How would each of the following be posted?
Answer: A,B,C,D,E
NEW QUESTION # 153
Which of the following wage attachments has the highest priority for withholding?
Answer: A
Explanation:
Comprehensive and Detailed Explanation:
The priority order for wage attachments is as follows:
Bankruptcy orders (Option A) - Court-ordered payments under the U.S. Bankruptcy Code take top priority over all other wage deductions.
Child support (Option B) - The second-highest priority under federal law, governed by the Consumer Credit Protection Act (CCPA).
State tax levies (Option C) - Third in priority, varies by state.
Wage assignments (Option D) - Lowest priority, usually voluntary agreements by employees.
Reference:
Consumer Credit Protection Act (CCPA) - Wage Garnishment Priorities
Payroll.org - Wage Garnishment Guidelines
NEW QUESTION # 154
If a state wage and hour law requires that a nonexempt employee be paid an overtime premium when the employee works more than 8 hours in a day and the employee works the following schedule, how many overtime hours must the employee be paid?
sun-5
mon-7
tues-6
weds-8
thurs-10
fri-8
sat-6
Answer: B
NEW QUESTION # 155
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