Exam 2: Payroll System Procedures

IRS Regulation 26 CFR 1.6001 mandates ______ procedures as they pertain to payroll records,noting that it is the responsibility of the .

(Multiple Choice)

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Question 21

Which entity bears the responsibility for gaining approval for a foreign worker visa so a foreign employee may work legally in the United States?

(Multiple Choice)

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Question 22

_________ pay is based on sales revenue,while _ pay is based on manufacturing.

(Multiple Choice)

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Question 23

Max Johnson was terminated from a company in South Carolina because of a reduction in workforce.Which statement best describes the state's requirements for disbursement of his final pay?

(Multiple Choice)

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Question 24

Georgeanne works in a company for which her primary job function is the sale of company products to consumers.She receives a percentage of each sale as part of her compensation.Her compensation contains a _____________ element.

(Multiple Choice)

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Question 25

Employee file maintenance is the responsibility of the:

(Multiple Choice)

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Question 26

Which pay frequency has 12 pay periods?

(Multiple Choice)

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Question 27

Outsourcing the payroll process:

(Multiple Choice)

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Question 28

Geoff is the payroll clerk for a firm that maintains its payroll through computerized records on a centralized server.One of his responsibilities is employee file maintenance,including the destruction of records after the retention time has elapsed.His method of purging employee records is to delete the file from the database.What other record destruction procedures should Geoff follow?

(Multiple Choice)

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(46)

Question 29

Form I-9 is issued by the _________________________________to verify employment eligibility in the United States.

(Multiple Choice)

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Question 30

Only regular working hours are considered as the worked hours for overtime computation.

(True/False)

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Question 31

The two focuses of payroll procedures are company needs and governmental rules.

(True/False)

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Question 32

Verification of hours worked and pay accuracy is part of the _______________________.

(Multiple Choice)

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Question 33

Which of the following is subject to overtime in the process of hourly computations,according to FLSA?

(Multiple Choice)

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(31)

Question 34

Abigail is a full-time worker whose primary occupation involves extensive overnight travel to visit wholesaler sites on the behalf of a single company.Which of the following classifications most accurately describes Abigail's employment status?

(Multiple Choice)

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Question 35

Well-designed internal controls promote (Select all that apply):

(Multiple Choice)

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Question 36

Which of the following is a purpose of new hire reporting (Select all that apply)?

(Multiple Choice)

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Question 37

For payroll documentation purposes,when an employee needs time away from work:

(Multiple Choice)

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(38)

Question 38

Employers may choose to omit the employees' Social Security numbers in their employee files.

(True/False)

4.9/5

(45)

Question 39

All executive compensation must be:

(Multiple Choice)

4.9/5

(31)

Question 40

Showing 21 - 40 of 70

IRS Regulation 26 CFR 1.6001 mandates ______ procedures as they pertain to payroll records,noting that it is the responsibility of the .

Which entity bears the responsibility for gaining approval for a foreign worker visa so a foreign employee may work legally in the United States?

_________ pay is based on sales revenue,while _ pay is based on manufacturing.

Max Johnson was terminated from a company in South Carolina because of a reduction in workforce.Which statement best describes the state's requirements for disbursement of his final pay?

Georgeanne works in a company for which her primary job function is the sale of company products to consumers.She receives a percentage of each sale as part of her compensation.Her compensation contains a _____________ element.

Employee file maintenance is the responsibility of the:

Which pay frequency has 12 pay periods?

Outsourcing the payroll process:

Form I-9 is issued by the _________________________________to verify employment eligibility in the United States.

Only regular working hours are considered as the worked hours for overtime computation.

The two focuses of payroll procedures are company needs and governmental rules.

Verification of hours worked and pay accuracy is part of the _______________________.

Which of the following is subject to overtime in the process of hourly computations,according to FLSA?

Abigail is a full-time worker whose primary occupation involves extensive overnight travel to visit wholesaler sites on the behalf of a single company.Which of the following classifications most accurately describes Abigail's employment status?

Well-designed internal controls promote (Select all that apply):

Which of the following is a purpose of new hire reporting (Select all that apply)?

For payroll documentation purposes,when an employee needs time away from work:

Employers may choose to omit the employees' Social Security numbers in their employee files.

All executive compensation must be:

Payroll Practices and System Fundamentals

Gross Pay Computation

Employee Net Pay and Pay Methods

Employer Payroll Taxes and Labor Planning

Payroll Register, employees Earning Records, and Accounting System Entries

Filters

Exam 2: Payroll System Procedures

IRS Regulation 26 CFR 1.6001 mandates ______________________ procedures as they pertain to payroll records,noting that it is the responsibility of the ________________.

Which entity bears the responsibility for gaining approval for a foreign worker visa so a foreign employee may work legally in the United States?

_______________________ pay is based on sales revenue,while _______________ pay is based on manufacturing.

Max Johnson was terminated from a company in South Carolina because of a reduction in workforce.Which statement best describes the state's requirements for disbursement of his final pay?

Georgeanne works in a company for which her primary job function is the sale of company products to consumers.She receives a percentage of each sale as part of her compensation.Her compensation contains a _____________ element.

Employee file maintenance is the responsibility of the:

Which pay frequency has 12 pay periods?

Outsourcing the payroll process:

Form I-9 is issued by the _________________________________to verify employment eligibility in the United States.

Only regular working hours are considered as the worked hours for overtime computation.

The two focuses of payroll procedures are company needs and governmental rules.

Verification of hours worked and pay accuracy is part of the _______________________.

Which of the following is subject to overtime in the process of hourly computations,according to FLSA?

Abigail is a full-time worker whose primary occupation involves extensive overnight travel to visit wholesaler sites on the behalf of a single company.Which of the following classifications most accurately describes Abigail's employment status?

Well-designed internal controls promote (Select all that apply):

Which of the following is a purpose of new hire reporting (Select all that apply)?

For payroll documentation purposes,when an employee needs time away from work:

Employers may choose to omit the employees' Social Security numbers in their employee files.

All executive compensation must be:

Payroll Practices and System Fundamentals

Gross Pay Computation

Employee Net Pay and Pay Methods

Employer Payroll Taxes and Labor Planning

Payroll Register, employees Earning Records, and Accounting System Entries

Filters

IRS Regulation 26 CFR 1.6001 mandates ______ procedures as they pertain to payroll records,noting that it is the responsibility of the .

_________ pay is based on sales revenue,while _ pay is based on manufacturing.