All businesses are required by the IRS to have an employee identification number (EIN) if they have employees.

The type of insurance that provides benefits to employees who suffer on-the-job injury is -

A Form W-4 is used to verify that every employee hired is eligible to work in the United States.

The Fair Labor Standards Act established minimum wage, overtime, and child labor standards that affect many full-time and part-time workers.

An exempt employee is not covered by the Fair Labor Standards Act.

Employer provided benefits are often referred to as perks or fringe benefits.

Wages calaculated using a piece rate system are an example of a type of fringe benefit.

Social Security is an optional deduction taken from an employee's earnings.

Employees may authorize additional amounts they want withheld from their earnings for income, state, or local taxes.

The total earnings of an employee prior to any deductions is called net pay.

Tipped employees are subject to special rules and regulations.

Bonuses, shift payments, and other compensation are not included in calculating an employee's straight time and overtime rate.

An owner of a sole proprietorship is not legally classified as an employee of the business.

The form used to summarize and report an employer's quarterly payroll taxes is Form 940.