Exam 1: The Need for Payroll and Personnel Records

A provision of the _____ made managers and supervisors ineligible to participate in the tip pools, when used for tipped employees.

Which of the following represents a payroll system privacy breach by Susan, a payroll accountant?

Which of the following is among the basic guidelines of a Code of Ethics?

The IRS uses EINs to track employers for tax purposes.

Peter is the owner of a fast-food franchise. When his payroll accountant quit, he hired his wife, Karen, to take over the payroll responsibilities. Peter prefers to review the payroll records prior to disbursement and often asks Karen to add or subtract amount from employee pay. Which ethical principle most closely describes Peter and Karen's unethical actions?

The purpose of payroll legislation is to:

is required under the Davis-Bacon Act for companies who do business with the Federal government.

To re-verify an employee's employment authorization, must be used.

The _____ modified the statute of limitations imposed by the Equal Pay Act of 1963.

The use of outsourced payroll relieves employers of the responsibility for payroll accuracy.

An accountant must remain current in his or her knowledge of current payroll practices, according to the ethical principle of _____.

The Sarbanes-Oxley Act legislated penalties for violations of which Act?

Why do different methods of time collection devices (e.g., time cards, biometric devices) exist among companies?

Paycards represent a trend in employee compensation that alleviates the employee's need for:

The Lilly Ledbetter Fair Pay Act of 2009 was the first act that mandated equal pay for men and women who perform identical tasks.

Internal payroll reports are used to inform a firm's managers and decision-makers about labor costs.

To verify employment eligibility for employees, _____ is mandatory for all employers but _____ is not.

Which Act governs the minimum wage that must be paid to nonexempt workers?

Worker's compensation insurance premiums:

The _____ prohibited discrimination based on race, creed, color, gender, and national origin.