Question 1

The Age Discrimination in Employment Act (ADEA) prohibits discrimination in employment practices
for workers who are older than age 50.

Accepted Answer

A) True 
 B)False  False

Question 2

An example of an accounting software package that fosters electronic payroll processing is:

Accepted Answer

A)  SageBooks. 
B)  QuickBooks. 
C)  Quick100. 
D)  GreatBooks. 
A)  SageBooks. 
B)  QuickBooks. 
C)  Quick100. 
D)  GreatBooks. B

Question 3

Which law requires a company to use certiﬁed payroll?

Accepted Answer

A)  Copeland Anti-Kickback Act 
B)  Walsh-Healey Public Contracts Act 
C)  Davis-Bacon Act 
D)  Sarbanes-Oxley Act 
A)  Copeland Anti-Kickback Act 
B)  Walsh-Healey Public Contracts Act 
C)  Davis-Bacon Act 
D)  Sarbanes-Oxley Act C

Question 4

The IRS uses EINs to track employers for tax purposes.

Accepted Answer

A) True 
 B)False

Question 5

Worker's compensation is an insurance policy used for

Accepted Answer

A)  Wage continuation after job-related injuries. 
B)  Payment of mandatory payroll taxes. 
C)  Settlement of payroll-related lawsuits. 
D)  Remittance of wages mandated by the FLSA. 
A)  Wage continuation after job-related injuries. 
B)  Payment of mandatory payroll taxes. 
C)  Settlement of payroll-related lawsuits. 
D)  Remittance of wages mandated by the FLSA.

Question 6

Within how many days after initially commencing work must an employer report a new employee, according to PRWOR?

Accepted Answer

A)  30 
B)  20 
C)  10 
D)  7 
A)  30 
B)  20 
C)  10 
D)  7

Question 7

The ethical principle of ________ concerns what is right and just for all parties involved.

Accepted Answer

A)  Objectivity and Independence 
B)  Due Care 
C)  Public Interest 
D)  Integrity 
A)  Objectivity and Independence 
B)  Due Care 
C)  Public Interest 
D)  Integrity

Question 8

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

Accepted Answer

A)  Tipped Employees Act 
B)  Tax Cuts and Jobs Act 
C)  Consolidated Appropriations Act 
D)  Equal Employment Act 
A)  Tipped Employees Act 
B)  Tax Cuts and Jobs Act 
C)  Consolidated Appropriations Act 
D)  Equal Employment Act

Question 9

Which of the following is not a privacy act related to payroll records?

Accepted Answer

A)  U.S. Department of Health and Human Services Privacy Act 09-40-0006. 
B)  U.S. Department of Labor OCFO-1. 
C)  Freedom of Information Act. 
D)  Community Property Act of 1990. 
A)  U.S. Department of Health and Human Services Privacy Act 09-40-0006. 
B)  U.S. Department of Labor OCFO-1. 
C)  Freedom of Information Act. 
D)  Community Property Act of 1990.

Question 10

_________ is the state counterpart of the Federal Unemployment Tax Act.

Accepted Answer

A)  State Income Tax Act 
B)  Fair Labor Standards Act 
C)  Worker's compensation insurance 
D)  State Unemployment Tax Act 
A)  State Income Tax Act 
B)  Fair Labor Standards Act 
C)  Worker's compensation insurance 
D)  State Unemployment Tax Act

Question 11

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

Accepted Answer

A) True 
 B)False

Question 12

Which of the following is true about independent contractors within the context of payroll?

Accepted Answer

A)  A temporary working relationship must exist. 
B)  They are employees of the company. 
C)  The worker controls hours worked and exercises judgment. 
D)  Tools and facilities are provided by the employer. 
A)  A temporary working relationship must exist. 
B)  They are employees of the company. 
C)  The worker controls hours worked and exercises judgment. 
D)  Tools and facilities are provided by the employer.

Question 13

The purpose of payroll legislation is to:

Accepted Answer

A)  Promote governmental involvement in business activities. 
B)  Increase the complexity involved in compensating employees. 
C)  Generate increased tax revenue for governmental entities. 
D)  Protect the rights of employees by legislating workplace equity. 
A)  Promote governmental involvement in business activities. 
B)  Increase the complexity involved in compensating employees. 
C)  Generate increased tax revenue for governmental entities. 
D)  Protect the rights of employees by legislating workplace equity.

Question 14

The Consolidated Appropriations Act included an increase in funding for the __________ program.

Accepted Answer

A)  Medicare 
B)  E-Verify 
C)  Child Health and Infant Protection 
D)  Disability Accommodations 
A)  Medicare 
B)  E-Verify 
C)  Child Health and Infant Protection 
D)  Disability Accommodations

Question 15

Michael is the payroll accountant for a non-proﬁt. In his personal life, he is also a single father of three young children. On the day that payroll is supposed to be issued, his children are sick and he
Is unavailable to be at work. The employees' paychecks cannot be issued without his presence.
Which ethical principle most closely governs this situation?

Accepted Answer

A)  Integrity 
B)  Objectivity and Independence 
C)  Responsibilities 
D)  Professionalism 
A)  Integrity 
B)  Objectivity and Independence 
C)  Responsibilities 
D)  Professionalism

Question 16

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

Accepted Answer

A)  Family Medical Leave Act of 1993 
B)  Civil Rights Act of 1991 
C)  Lilly Ledbetter Fair Pay Act of 2009 
D)  Consolidated Omnibus Budget Reformation Act of 1986 
A)  Family Medical Leave Act of 1993 
B)  Civil Rights Act of 1991 
C)  Lilly Ledbetter Fair Pay Act of 2009 
D)  Consolidated Omnibus Budget Reformation Act of 1986

Question 17

Employment legislation during the 1930s included which of the following Acts:

Accepted Answer

A)  ADEA, Davis-Bacon Act, and FLSA. 
B)  FUTA, ADA, and FLSA. 
C)  FLSA, FUTA, and FICA. 
D)  Walsh-Healey Act, FICA, and ERISA. 
A)  ADEA, Davis-Bacon Act, and FLSA. 
B)  FUTA, ADA, and FLSA. 
C)  FLSA, FUTA, and FICA. 
D)  Walsh-Healey Act, FICA, and ERISA.

Question 18

Positive aspects of the use of Internet-based accounting software includes which of the following?

Accepted Answer

A)  Suitability for highly complex large businesses. 
B)  Continual updates for tax rate and other changes. 
C)  Unlimited options for company personnel. 
D)  Fixed software layout for consistency among companies. 
A)  Suitability for highly complex large businesses. 
B)  Continual updates for tax rate and other changes. 
C)  Unlimited options for company personnel. 
D)  Fixed software layout for consistency among companies.

Question 19

The ________ instituted signiﬁcant changes to payroll taxes, especially adjustments for inﬂation and employee income tax computation.

Accepted Answer

A)  Social Security Act 
B)  Walsh-Healey Public Contracts Act 
C)  Tax Cuts and Jobs Act 
D)  Affordable Care Act 
A)  Social Security Act 
B)  Walsh-Healey Public Contracts Act 
C)  Tax Cuts and Jobs Act 
D)  Affordable Care Act

Question 20

The largest challenge to companies that use manual payroll processing is:

Accepted Answer

A)  Filing appropriate governmental reports. 
B)  Maintaining accurate personnel records. 
C)  Obtaining accurate employee data. 
D)  Integrating current tax tables. 
A)  Filing appropriate governmental reports. 
B)  Maintaining accurate personnel records. 
C)  Obtaining accurate employee data. 
D)  Integrating current tax tables.

The Age Discrimination in Employment Act (ADEA) prohibits discrimination in employment practices for workers who are older than age 50.

An example of an accounting software package that fosters electronic payroll processing is:

Which law requires a company to use certiﬁed payroll?

The IRS uses EINs to track employers for tax purposes.

Worker's compensation is an insurance policy used for

Within how many days after initially commencing work must an employer report a new employee, according to PRWOR?

The ethical principle of ________ concerns what is right and just for all parties involved.

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

Which of the following is not a privacy act related to payroll records?

_________ is the state counterpart of the Federal Unemployment Tax Act.

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

Which of the following is true about independent contractors within the context of payroll?

The purpose of payroll legislation is to:

The Consolidated Appropriations Act included an increase in funding for the __________ program.

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

Employment legislation during the 1930s included which of the following Acts:

Positive aspects of the use of Internet-based accounting software includes which of the following?

The ________ instituted signiﬁcant changes to payroll taxes, especially adjustments for inﬂation and employee income tax computation.

The largest challenge to companies that use manual payroll processing is:

Payroll System Procedures

Gross Pay Computation

Fringe Benefits and Voluntary Deductions

Employee Net Pay and Pay Methods

Employer Payroll Taxes and Labor Planning

The Payroll Register, Employees Earnings Records, and Accounting System Entries

Filters

Exam 1: Payroll Practices and System Fundamentals

The Age Discrimination in Employment Act (ADEA) prohibits discrimination in employment practices for workers who are older than age 50.

An example of an accounting software package that fosters electronic payroll processing is:

Which law requires a company to use certiﬁed payroll?

The IRS uses EINs to track employers for tax purposes.

Worker's compensation is an insurance policy used for

Within how many days after initially commencing work must an employer report a new employee, according to PRWOR?

The ethical principle of ________ concerns what is right and just for all parties involved.

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

Which of the following is not a privacy act related to payroll records?

_________ is the state counterpart of the Federal Unemployment Tax Act.

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

Which of the following is true about independent contractors within the context of payroll?

The purpose of payroll legislation is to:

The Consolidated Appropriations Act included an increase in funding for the __________ program.

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

Employment legislation during the 1930s included which of the following Acts:

Positive aspects of the use of Internet-based accounting software includes which of the following?

The ________ instituted signiﬁcant changes to payroll taxes, especially adjustments for inﬂation and employee income tax computation.

The largest challenge to companies that use manual payroll processing is:

Payroll System Procedures

Gross Pay Computation

Fringe Benefits and Voluntary Deductions

Employee Net Pay and Pay Methods

Employer Payroll Taxes and Labor Planning

The Payroll Register, Employees Earnings Records, and Accounting System Entries

Filters