Exam 2: Payroll System Procedures

An employer must have an employee complete Form W-4:

Outsourcing the payroll process:

What forms are required when an employee is hired? (Select all that apply.)

When a payroll clerk receives an approved request for an employee's time away from work, he or she should:

Personnel in certain full-time occupations are classified as ________ instead of independent contractors.

________ payroll is processed every two weeks and will usually result in a lower gross pay per pay period than ________ payroll.

Verification of hours worked and pay accuracy is part of the ________.

What types of records does IRS Regulation 26 CFR 1.6001 cover? (Select all that apply.)

Why must pay period information be a part of an employee's payroll file?

Ibrahim is the payroll accountant for a firm. He notes that the firm has hired a new employee. What forms must he collect from the new employee?

If a firm pays its employees biweekly, how often does it disburse employee compensation?

Which pay frequency has 26 pay periods per year?

Computerized payroll records are considered a(n):

A company should assign ________ employee(s) the responsibility for signing payroll checks and disbursements.

Form I-9 is issued by the ________ to verify employment eligibility in the United States.

Payroll records that contain evidence of fraud or other illegal action must be ________.

Newly hired employees must be reported to governmental officials within 20 days of starting work for an employer.

U.S. workers in foreign subsidiaries are exempt from all income taxes.

Adrienne is a nonexempt employee who works for a firm that has an elected workweek composed of four 10-hour days and pays overtime after 40 hours worked per week. What is the rule about overtime for her work situation?

Semimonthly payroll involves a pay cycle in which pay disbursements occur every two weeks.