Which statement best explains why reporters should use mostly primary sources?

Ian Burns is the new payroll accountant for ECG Marketing. Certain employees have been requesting changes in classification from

Nookie1986 [14]

Solution and explanation:

The Fair Labor Standards Act defines three tests that an employee must be eligible to be considered under the 'Exempt' category.

These include the following :

1.Salary Level Test : Employee must be paid minimum of $23,600 per year ($455 per week) to be considered Exempt.

2.Salary Basis Test : The representative must be paid on a Salary Basis, a fixed ensured least installment must be made for any workweek for the playing out any work. This would be dependent upon admissible and impermissible derivations that decide the premise of installment. Special cases to this standard are School educators, Lawyers, Doctors, and some others.

3.Duties Test : The actual jobs performed by the employee must be within the qualified exempt category of high level work. These are broadly classified as Executive, Professional; and Administrative job duties.

Thus, following out of the above will be considered for the purpose of classification to Exempt employees category:

- Reimbursement of board, lodging, facilities availed

Whether these form part of the compensation structure and the gross payments fall within the ambit of Levels test.

- Compensation such as discretionary bonus

These to be considered as part of Salary and to check whether the payments fall within the above stated levels and also the Basis of these payments whether on continuing salary or otherwise.

-Duties

The actual duties performed to be checked whether these fall within the exempt category.

Thus, the above stated three tests must be cumulatively passed in order to be eligible to classified as 'Exempt' Employee.

8 0

3 years ago

Where can a Master Admin Accountant User view the apps connected to a client’s QuickBooks Online account from within QuickBooks

sashaice [31]

Answer:

The answer is below

Explanation:

A Master Administrator is normally the individual who is tasked at establishing the company file in QuickBooks Online.

In other words, Master Admin possesses access to all portions of the company file and can grant authorizations and access to other users.

Therefore, a Master Admin Accountant User can view the apps connected to a client’s QuickBooks Online account from within QuickBooks Online Accountant by doing the following:

1. Go to Settings

2. Select Manage Users.

3. Select Accounting firms.

4. Under the Company section, Select View Apps.

4 0

3 years ago

The purpose of the work opportunity tax credit is to encourage employers to hire individuals from specified target groups tradit

Yuki888 [10]

Answer:

true

Explanation:

The given statement is true here because the purpose of Work Opportunity Credit is to encourage employers to hire people who are facing employment barriers and are resulting in high unemployment.
And examples of the target group are unemployed ex-servicemen, food stamp recipients etc..
so this is true statement

5 0

3 years ago

When you purchase a new surfboard you do so in the Group of answer choices factor market. product market. input market. resource

SSSSS [86.1K]

Answer:

input market

Explanation:

5 0

3 years ago

Read 2 more answers

Sarbanes-Oxley does not require:

Novosadov [1.4K]

Answer:

B) companies to turn over responsibility for establishing and maintaining internal controls for financial reporting to auditors.

Explanation:

Sarbanes- Oxley is popularly called SOX and which is also know as the ''Public Accounting Reform and Investor Protection Act'' in the United States' Senate and ''Corporate and Auditing Accountability, Responsibility and Transparency Act'' is a USA federal law the sets out new regulations for all U.S public company boards, management and public accounting firms. Some part of the Act makes provisions that apply to privately owned companies.

The Sarbanes-Oxley is named after the bill sponsors that is Senator Sarbanes and a U.S Representative known as Micheal G. Oxley and this bill makes sure that the top management of a company must each individually determine and certify the accuracy of all financial information provided or stated. This bill was enacted in 2002 to curb a number of major corporate accounting scandals, especially those affecting big accounting firms like ; Enron, Tyco International, Adelphia, Peregrine Systems, and WorldCom that cost investors to loose a lot of money when the their shares collapsed.

As a guiding principal companies and organizations are supposed to adhere to the options mentioned above except for option B which states: companies to turn over responsibility for establishing and maintaining internal controls for financial reporting to auditors.

5 0

3 years ago