the tax regulations presented in Chapter 4. Tax Tables A and B are used by employers, effective January 1, 2008. 1. The amount by which the fair market value of the fringe benefit exceeds what the employee paid, plus any amount the law excludes. 2. Cash tips of $20 or more received in a calendar month, in the course of employment with a single employer, are treated as remuneration subject to income tax withholding. 3. a. Nonexempt b. Exempt c. Exempt d. Exempt e. Exempt 4. The employer must match…
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