Included under the definition of employees for FUTA purposes are:

Q: Which of the following is not a requirement for expense reimbursements to be an accountable plan?…

A: Reimbursement plan complies with IRS regulations, according to IRS regulations, a reimbursement plan…

Q: Under IAS 19 Employee Benefits, how is actuarial gain or loss handled?   amount falling outside…

A: IAS 19 deals with the employee benefits. It includes the pension, benefit plans and gratuity etc.

Q: Under the FLSA, what information concerning employees' wages earned must be maintained by the…

A: Payroll Register: Payroll register is a schedule maintained by the company to record the earnings,…

Q: How should an employer's commitment for employee benefits be calculated, according to AASB 119

A: Definition: In the context of employee benefits, this refers to all types of consideration offered…

Q: What is the separation of duties?

A: Internal control: Internal control is a process which ensures continuous reliability of…

Q: Regarding TSAS and 457(b) deferred compensation plans, both plans require contracts between an…

A: Deferred Compensation Plan : It refers to that plan under which employees defer Compensation earned…

Q: , is best defined as An asset account An account showing the benefits to be paid to the employee An…

A: Benefits payable refer to the additional perks that are paid to employees, in addition to their…

Q: Compensation income is income that is typically derived from self-employment.    True or False

A: Declaimer: “Since you have asked multiple question, we will solve the first question for you. If you…

Q: 6. It is basically the amount of an employee's SSS contribution.

A: Full form of SSS is Social Security System. SSS deduction is reflected on employee payslip in every…

Q: Explain he basic arrangement in a worker’s compensation scheme. What is meant by ‘exclusive remedy”…

A: Hi, the question has multiple sub-parts and as per our policy, we will answer the first three.…

Q: 1. Which statement is incorrect regarding recognition of employee benefits?  a. For post-employment…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: With relation to the acknowledgment of employee benefits, which statement is false? A. The payment…

A: Compensation packages are a type of remuneration provided by businesses to workers in addition to…

Q: Calculate the total amount (employer and employee portions) that Harris Consulting will remit to the…

A: Payroll Accounting can be defined as the accounting system which helps to compute the total payments…

Q: PAS 19

A: Objective of IAS 19 (2011) The objective of IAS 19 is to prescribe the accounting and disclosure for…

Q: Write the definition, recognition, measurement, important key points and disclosure if any provided…

A: Accounting standards are the regulations and rules provided to the business for preparing and…

Q: which department authorizes changes in employee

A: Employee Pay Rate: Employee pay rate is the amount which is given to the employee against the work…

Q: 1. The internal control of separation of duties requires that employe

A: Internal control represents the activity of the company to detect the fraud and errors of the…

Q: According to AASB 119, how should an employer's obligation for employee benefits be measured?

A: Employee benefits refer to the consideration of all forms that are given by an entity to its…

Q: Explain Employee benefit plans.

A: Tax: Tax refers to a compulsory payment or a contribution to the state revenue, levied by the…

Q: Employee benefits are all forms of monetary consideration given by an entity in exchange for…

A: IAS 19 Employee benefits relates to accounting of all the employee payments apart from share based…

Q: Do workers compensations statutes apply to seasonal or temporary workers? Explain

A: Definition: Worker’s compensation scheme: Worker’s compensation scheme is an arrangement that…

Q: PAS 24 requires the disclosure of key management personnel compensation. Which of the following is…

A: As per PAS 24 - Related Party disclosures - compensation include the below mention -  Post…

Q: What functional responsibilities are associated with the payroll cycle?

A: Payroll Cycle: The payroll cycle is commenced with the hiring and dismissal of an employee along…

Q: related parties of the reporting entity,

A: Related parties are associations or resources with which the entity or its officials are interested…

Q: FRS119 Employee Benefits prescribes the accounting and disclosure requirements by employers for…

A: IFRS:   IFRS stands for International Financial Reporting Standards. These accounting standards are…

Q: What is the procedure of the determination of economic service life?

A: Determination of economic service life: Capital costs and the costs of operating and running an…

Q: Employee benefits given by an employer to an employee may be recognized by the employer as I.Asset…

A: The financial statements of the business include the income statement and balance sheet of the firm.

Q: 11.If an employee is reimbursed through an accountable plan which of the following is true? A.All…

A: Income- Net income is the balance left over after deducting a company's cost of goods sold and…

Q: liability for employees' compensation for future

A: A liability shall be accrued if it is to be settled in the near future.

Q: Which of the following amounts paid by an employer to an employee is not subject to withholding? Oa.…

A: Given : Multiple options  a) Salary  b) Travel expense reimbursements from an accountable plan c)…

Q: Briefly explain the controversies around executive compensation.

A: Compensation is the return which has to be paid to the employee on whom the said employee has been…

Q: Can employees of government form and join labor organization? Why or why not?

A: A government employee has a right to join or form the union, but they are not having the right to…

Q: a. MFRS119 Employee Benefits prescribes the accounting and disclosure requirements by employers for…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: please  define salary, wage, income, benefits

A: Compensation is often defined as a monetary payment made to an individual in return for their…

Q: Why should the employee’s supervisor not distribute paychecks?

A:

Q: Which of the following is an indicator that an employee benefit is provided in exchange for…

A: The question is related Employee benefits. As per employee benefits  It requires recognition of the…

Q: It means a person for whom an individual performs or performed any services of whatever nature, as…

A: Employee is the person who would be performing services in return of receiving salary each month.…

Q: Which of the following characteristics is/are indicative of a post-employment defined contribution…

A: A defined contribution plan is a post-employment benefit plan in which an employer makes fixed…

Q: Which of these more accurately corresponds to your understanding of a job descriptioh?

A: Accurate Corresponding for a Job description A. Task Involved on the Job B. Things that people…

Q: QUESTION 5 a. MFRS119 Employee Benefits prescribes the accounting and disclosure requirements by…

A: The objective of MFRS 119 is to prescribe the accounting and disclosure for employee benefits. The…

Q: Which of the following departments most likely would approve changes in pay rates and deductions…

A:

Q: Define Other post-employment benefi ts

A: The concept of other post-employment benefits is created by GASB (Governmental Accounting Standards…

Q: Explain the difference between line positions and staff positions.

A:

Q: Under PAS 19, employee benefits are alloforms of consideration given by an entity in exchange for…

A: The question is based on the concept of Accounting Standard on Employee Benefits.