Exam 1: Payroll Practices and System Fundamentals

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

In the event of an ethical breach by a payroll accountant, which entity is ultimately liable for any monetary damages due to stakeholders?

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

According to FMLA, during the time that an employee is on family leave:

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 Fair Labor Standards Act contains provisions for:

Joel is the payroll accountant for a company. He has been notified of an impending audit of all accounting records. What is Joel's role in the audit?

Jonah is one of the payroll accountants in a company that specializes in custom work for each customer. His biggest payroll challenge is accurate allocation of labor to jobs. Which of the following Represents the most accurate option to track the company's labor costs?

Which of the following is(are) payroll-related issues that large companies may experience? (You may select more than one answer. Single click the box with the question mark to produce a Check mark for a correct answer and double click the box with the question mark to empty The box for a wrong answer. Any boxes left with a question mark will be automatically Graded as incorrect.)

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

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

The USERRA legislation provided the following:

Employers must request a(n) ________ for the Internal Revenue Service to track a firm's payroll tax obligations.

The ________ mandated that employers verify an employee's legal ability to work in the United States.

The payroll accountant for Candor, Inc. was found to have issued payroll checks in the name of several terminated employees. Upon investigation, the checks were all deposited to the same bank Account, which was owned by the payroll accountant. Which ethical principle did the payroll Accountant violate?

Which form does the Internal Revenue Service use to keep track of employers? rev: 01_24_2020_QC_CS-196971

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

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

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

The Current Tax Payment Act changed employer remittance of taxes by: