Question 1

In January 2019, the minimum hourly wage was:

Accepted Answer

A)  $9.35. 
B)  $12.15. 
C)  $10.00. 
D)  $8.15. 
E)  None of the above. 
A)  $9.35. 
B)  $12.15. 
C)  $10.00. 
D)  $8.15. 
E)  None of the above. E

Question 2

A stated percentage of revenue paid an employee who transacts a piece of business or performs a service is called:

Accepted Answer

A)  a piece rate. 
B)  a commission. 
C)  a regular hourly rate. 
D)  a remunerative salary. 
E)  none of the above. 
A)  a piece rate. 
B)  a commission. 
C)  a regular hourly rate. 
D)  a remunerative salary. 
E)  none of the above. B

Question 3

A discretionary bonus is included in an employee's regular rate of pay.

Accepted Answer

A) True 
 B)False  False

Question 4

Instruction 2-2 
Carry each hourly rate and each overtime rate to 3 decimal places and then round off to 2 decimal places .  
Refer to Instruction 2-2. Carson Morris worked two separate jobs for Horwath Company during the week. Job A consisted of 36 hours  at $16.00  per hour;  Job B entailed 14 hours at $17.50 per hour. Determine his gross pay for that week if the  employer uses the average rate  basis for  the overtime pay _____.

Accepted Answer

The answer of Instruction 2-2 
Carry each hourly rate and...

Question 5

Under enterprise coverage , all employees of a business are covered by the FLSA if the organization is:

Accepted Answer

A)  a nursing home. 
B)  a public agency. 
C)  a hospital. 
D)  all of the above. 
E)  none of the above. 
A)  a nursing home. 
B)  a public agency. 
C)  a hospital. 
D)  all of the above. 
E)  none of the above.

Question 6

Instruction 2-2 
Carry each hourly rate and each overtime rate to 3 decimal places and then round off to 2 decimal places .  
Refer to Instruction 2-2. Susan Tate receives an hourly wage of $11.25 for a 40-hour week of 5 days, 8 hours daily. For Saturday work, she is paid 1.5 times the regular rate. For Sunday work, she is paid 2 times the regular rate. One week, she worked 50 hours-4 hours of which were on Saturday and 6 hours on Sunday. Her total earnings for the week are _____.

Accepted Answer

The answer of Instruction 2-2 
Carry each hourly rate and...

Question 7

Under individual employee coverage , the worker is covered by the FLSA if:

Accepted Answer

A)  the worker produces goods for interstate commerce. 
B)  the worker is a housekeeper in a private home for 16 hours a week. 
C)  the domestic receives cash wages of at least $2,100 from the employer in the calendar year. 
D)  all of the above. 
E)  none of the above. 
A)  the worker produces goods for interstate commerce. 
B)  the worker is a housekeeper in a private home for 16 hours a week. 
C)  the domestic receives cash wages of at least $2,100 from the employer in the calendar year. 
D)  all of the above. 
E)  none of the above.

Question 8

Instruction 2-2 
Carry each hourly rate and each overtime rate to 3 decimal places and then round off to 2 decimal places .  
Refer to Instruction 2-2. Ron Morris earns $11.80 per hour and worked 44 hours this week. In addition, he earned a production bonus of  $35.20 for the week. His gross pay for the week is ___________.

Accepted Answer

The answer of Instruction 2-2 
Carry each hourly rate and...

Question 9

An enterprise is covered under the FLSA if there are at least two employees engaged in interstate commerce and if the enterprise has gross annual sales volume of at least $100,000.

Accepted Answer

A) True 
 B)False

Question 10

Instruction 2-1 Unless instructed otherwise, compute hourly rate and overtime rates as follows:   
1. Carry the hourly rate and the overtime rate to 3 decimal places and then round off to 2 decimal places (round the hourly rate to 2 decimal places before multiplying by one and one-half to determine the overtime rate). 
2. If the third decimal place is 5 or more, round to the next higher cent. 
3. If the third decimal place is less than 5, drop the third decimal place. 
Also, use the minimum hourly wage of $7.25 in solving these problems and all that follow. 
Refer to Instruction 2-1 . Kelli England earns $12.30 per hour and has earned a production bonus this week of 
$37.10. If England worked 44 hours this week, her gross pay is __________.

Accepted Answer

The answer of Instruction 2-1 Unless instructed otherwise, compute hourly...

Question 11

Instruction 2-2 
Carry each hourly rate and each overtime rate to 3 decimal places and then round off to 2 decimal places .  
Refer to Instruction 2-2. Diane Duke works a standard 40-hour workweek. She is paid time and one-half for all hours over 40 in each workweek. Her regular hourly wage rate is $10.90. One week, Duke worked 49 hours. Her total gross earnings for the week are _____.

Accepted Answer

The answer of Instruction 2-2 
Carry each hourly rate and...

Question 12

Although commissions are considered payments for hours worked, in all cases they are excluded when determining the regular hourly rate.

Accepted Answer

A) True 
 B)False

Question 13

Those tasks that employees must perform and which include any work of consequence performed for the employer are known as:

Accepted Answer

A)  preliminary activities. 
B)  postliminary activities. 
C)  work activities. 
D)  principal activities. 
E)  none of the above. 
A)  preliminary activities. 
B)  postliminary activities. 
C)  work activities. 
D)  principal activities. 
E)  none of the above.

Question 14

The FLSA requires that employees be given at least two 15-minute rest periods each workday.

Accepted Answer

A) True 
 B)False

Question 15

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 calculated by using an overtime hourly rate of:

Accepted Answer

A)  one and one-half the higher of the two wage rates. 
B)  one and one-half the lower of the two wage rates. 
C)  one-half of the higher of the two wage rates. 
D)  one-half of the two rates combined. 
E)  none of the above. 
A)  one and one-half the higher of the two wage rates. 
B)  one and one-half the lower of the two wage rates. 
C)  one-half of the higher of the two wage rates. 
D)  one-half of the two rates combined. 
E)  none of the above.

Question 16

Employers may adopt the practice of recording an employee's starting and stopping time to the nearest quarter of an hour.

Accepted Answer

A) True 
 B)False

Question 17

Under the Equal Pay Act:

Accepted Answer

A)  employers must pay a married male a higher wage rate than a single female if both are performing equal work. 
B)  white-collar workers are exempt from its requirements. 
C)  wage differentials based on a seniority system are allowed. 
D)  if there is an unlawful pay differential, employers may reduce the higher rate to equal the lower rate. 
E)  none of the above. 
A)  employers must pay a married male a higher wage rate than a single female if both are performing equal work. 
B)  white-collar workers are exempt from its requirements. 
C)  wage differentials based on a seniority system are allowed. 
D)  if there is an unlawful pay differential, employers may reduce the higher rate to equal the lower rate. 
E)  none of the above.

Question 18

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.

Accepted Answer

A) True 
 B)False

Question 19

The FLSA defines a tipped employee as one who regularly receives tips of more than $20 a month.

Accepted Answer

A) True 
 B)False

Question 20

The FLSA requires that workers receive overtime pay of twice the employees' regular hourly rate for hours worked on Sunday.

Accepted Answer

A) True 
 B)False

In January 2019, the minimum hourly wage was:

A stated percentage of revenue paid an employee who transacts a piece of business or performs a service is called:

A discretionary bonus is included in an employee's regular rate of pay.

Under enterprise coverage , all employees of a business are covered by the FLSA if the organization is:

Under individual employee coverage , the worker is covered by the FLSA if:

An enterprise is covered under the FLSA if there are at least two employees engaged in interstate commerce and if the enterprise has gross annual sales volume of at least $100,000.

Although commissions are considered payments for hours worked, in all cases they are excluded when determining the regular hourly rate.

Those tasks that employees must perform and which include any work of consequence performed for the employer are known as:

The FLSA requires that employees be given at least two 15-minute rest periods each workday.

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 calculated by using an overtime hourly rate of:

Employers may adopt the practice of recording an employee's starting and stopping time to the nearest quarter of an hour.

Under the Equal Pay Act:

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.

The FLSA defines a tipped employee as one who regularly receives tips of more than $20 a month.

The FLSA requires that workers receive overtime pay of twice the employees' regular hourly rate for hours worked on Sunday.

The Need for Payroll and Personnel Records

Social Security Taxes

Income Tax Withholding

Unemployment Compensation Taxes

Analyzing and Journalizing Payroll

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Exam 2: Computing Wages and Salaries

In January 2019, the minimum hourly wage was:

A stated percentage of revenue paid an employee who transacts a piece of business or performs a service is called:

A discretionary bonus is included in an employee's regular rate of pay.

Under enterprise coverage , all employees of a business are covered by the FLSA if the organization is:

Under individual employee coverage , the worker is covered by the FLSA if:

An enterprise is covered under the FLSA if there are at least two employees engaged in interstate commerce and if the enterprise has gross annual sales volume of at least $100,000.

Although commissions are considered payments for hours worked, in all cases they are excluded when determining the regular hourly rate.

Those tasks that employees must perform and which include any work of consequence performed for the employer are known as:

The FLSA requires that employees be given at least two 15-minute rest periods each workday.

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 calculated by using an overtime hourly rate of:

Employers may adopt the practice of recording an employee's starting and stopping time to the nearest quarter of an hour.

Under the Equal Pay Act:

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.

The FLSA defines a tipped employee as one who regularly receives tips of more than $20 a month.

The FLSA requires that workers receive overtime pay of twice the employees' regular hourly rate for hours worked on Sunday.

The Need for Payroll and Personnel Records

Social Security Taxes

Income Tax Withholding

Unemployment Compensation Taxes

Analyzing and Journalizing Payroll

Filters