38. Which of the following forms is filled out by an employee, who is a citizen, at the beginning of an Show 39. Which of the following items is not included on an employee's Form W-2? 40. Which of the following statements regarding compensation is false? 41. Which of the following statements regarding income tax withholding is incorrect? 42. Which of the following isn't done by Form W-2? 43. Which of the items is not correct regarding withholding? 44. Which of the following regarding the Form W-4 is incorrect? 45. Which of the following statements is true regarding excess Social Security contributions by an employer? A. Excess contributions are treated as additional income tax withholding payments. 46. When a CEO's salary exceeds $1,000,000, the employee _____ taxed on the entire amount, and the 47. Which of the following is not a purpose of equity-based compensation? 48. Which of the following is true regarding stock options? 49. Which of the following refers to the date stock options are awarded to an employee? 53. How is the bargain element for a stock option calculated? 54. Which of the following pairs of items is not needed to calculate the after-tax proceeds for a same-day 56. Which of the following statements regarding restricted stock is false? 61. Which of the following is false regarding a section 83 (b) election? 62. Which of the following is not an example of a taxable fringe benefit? 65. Which of the following is not an example of a nontaxable fringe benefit? 66. Which of the following does not qualify as a "for the convenience of the employer" nontaxable fringe 68. Which of the following statements regarding employer provided educational benefits is true? 69. Which of the following benefits cannot be excluded as a no additional cost service fringe benefit? 70. Which of the following is not a requirement of a "qualified employee discount"? 73. Which of the following is false regarding dependent care expenses? 74. Tasha receives reimbursement from her employer for dependent care expenses for up to $8,000. Tasha 75. Which of the following statements concerning cafeteria plans is true? 77. Which of the following is a fringe benefit that employers can discriminate among employees? How are salaries and wages taxed quizlet?How are salaries and wages taxed? They are taxed as ordinary income. They are taxed when received, rather than when earned.
How are salaries and wages taxed?At least three federal taxes are imposed on wage and salary income: income tax, Social Security tax, and the Medicare tax.
What is the tax treatment for the employer when restricted stock is granted to employees?Upon vesting, the value of the restricted stock is taxed as compensation to the employee, and is subject to income tax withholding and applicable payroll taxes. The employer receives a corresponding deduction in its tax year which includes Dec. 31 of the year in which the employee recognizes the income.
What is the tax treatment for the employer when restricted stock is granted to employees quizlet?What is the tax treatment for the employer when restricted stock is granted to employees? The deduction equals the ordinary income recognized by the employee and the timing is based on whether or not Sec. 83(b) is elected.
|