Exam 2: Computing Wages and Salaries
Exam 1: The Need for Payroll and Personal Records50 Questions
Exam 2: Computing Wages and Salaries60 Questions
Exam 3: Social Security Taxes60 Questions
Exam 4: Income Tax Withholding50 Questions
Exam 5: Unemployment Compensation Taxes55 Questions
Exam 6: Analyzing and Journalizing Payroll50 Questions
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Under the piece-rate system, workers are paid according to their output.
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(True/False)
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Correct Answer:
True
Under enterprise coverage, all employees of a business are covered by the FLSA if the organization is:
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(Multiple Choice)
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Correct Answer:
D
Under no conditions may children under age 16 be employed in food service establishments.
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(True/False)
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Correct Answer:
False
Payments made to a bona fide profit-sharing plan that meets the standards set by the secretary of labor's regulations are not deemed wages in determining the regular rate of pay.
(True/False)
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If a business does not meet the enterprise coverage test, none of its workers qualify for individual employee coverage.
(True/False)
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Bona fide meal periods when the employee is completely relieved from duty are not considered working time.
(True/False)
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Employers may pay nonexempt employees who work fluctuating schedules a fixed salary.In these cases, the extra pay is:
(Multiple Choice)
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All employers can grant compensatory time off to employees in place of overtime pay.
(True/False)
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In converting semimonthly wage rates to hourly rates, divide the semimonthly rate by 4 to arrive at the weekly rate, then divide this rate by the standard number of hours.
(True/False)
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A discretionary bonus is included in an employee's regular rate of pay.
(True/False)
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If an employee works two jobs at two different wage rates for the same employer during the same pay week, any overtime pay must be calcu?lated by using an overtime hourly rate of:
(Multiple Choice)
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Training sessions are counted as working time when the following condition is met:
(Multiple Choice)
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A stated percentage of revenue paid an employee who transacts a piece of business or performs a service is called:
(Multiple Choice)
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Although commissions are considered payments for hours worked, in all cases they are excluded when determining the regular hourly rate.
(True/False)
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Under individual employee coverage, the worker is covered by the FLSA if:
(Multiple Choice)
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The tips received by a tipped employee are less than $5.12 of the minimum hourly tip credit rate.The maximum permissible tip credit is:
(Multiple Choice)
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Under the continental system of recording time, 9:00 a.m.is recorded as 900 while 9:00 p.m.is recorded as 2100.
(True/False)
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