Exam 1: The Need for Payroll and Personal Records

Under the Federal Personal Responsibility and Work Opportunity Reconciliation Act, every employer is required to report the name, address, and social security number of each new employee to the appropriate state agency.

An exception to the protection that the Age Discrimination in Employment Act provides for all workers over 40 involves executives who are 65 or older and who have held high policy-making positions during the two-year period prior to retirement.

Workers' compensation benefits are paid directly to the employer.

In order for the Walsh-Healey Public Contracts Act to protect laborers for contractors who furnish materials to any agency of the United States, the contract amount must be at least $10,000.

Under ERISA, vesting conveys to employees the right to share in aretirement age.

Under the Civil Rights Act of 1964, the U.S.government is classified as an exempt employer.

Title VII of the Civil Rights Act protects all employees from arbitrary dismissal.

Employers not subject to

ERISA provides for full vesting of the employer's contributions in three years or gradually over six.

The FLSA imposes no recordkeeping requirements on employers.

Form I-9 must be completed by each new hire.

Which of the following acts levies a tax on employers and employees that is credited to the Federal Old-Age and Survivors' Trust Fund and the Federal Disability Insurance Trust Fund?

Under the Family and Medical Leave Act, employers can exempt an employee who has not worked for the employer for at least 1 year and has worked for the company at least 1,250 hours in the last year.

Most firms are now using a standard reference inquiry form, supplied by the IRS.

The employer is required by the FLSA to display a poster that informs employees of the provisions of the law.

The Age Discrimination in Employment Act provides protection to virtually all workers up to the age of:

The Self-Employment Contributions Act imposes a tax on the net earnings from self-employment derived by an individual from any trade or business.

The trend toward outsourcing of payroll operations has weakened in recent years.

Only six states do not impose a state unemployment tax on employers in their state.

Under ERISA, if there is a pension plan, every employee is eligible after reaching age 21 or completing one year of service, whichever is later.