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

Question 2

Congress passed the __________________ and _________________ to assist displaced workers.

Accepted Answer

A)  16th Amendment;Fair Labor Standards Act. 
B)  Social Security Act;Medicare Act. 
C)  Federal Unemployment Tax Act;Social Security Insurance Act. 
D)  Federal Income Contributions Act;Federal Unemployment Tax Act. 
A)  16th Amendment;Fair Labor Standards Act. 
B)  Social Security Act;Medicare Act. 
C)  Federal Unemployment Tax Act;Social Security Insurance Act. 
D)  Federal Income Contributions Act;Federal Unemployment Tax Act.

Question 3

Prevailing local wages and wage classification strategies for government contractors were mandated by the _______________.

Accepted Answer

A)  Davis-Bacon Act. 
B)  Walsh-Healey Public Contracts Act. 
C)  Fair Labor Standards Act. 
D)  Equal Pay Act. 
A)  Davis-Bacon Act. 
B)  Walsh-Healey Public Contracts Act. 
C)  Fair Labor Standards Act. 
D)  Equal Pay Act.

Question 4

What is the most significant challenge pertaining to payroll that small businesses face?

Accepted Answer

A)  Availability of payroll-trained personnel 
B)  Availability of accounting resources 
C)  Accessibility of free on-site payroll software 
D)  Accessibility of on-site payroll guidance 
A)  Availability of payroll-trained personnel 
B)  Availability of accounting resources 
C)  Accessibility of free on-site payroll software 
D)  Accessibility of on-site payroll guidance

Question 5

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

Accepted Answer

A)  They replace personnel with computers,which prevents ethical issues. 
B)  They maintain precise tracking of employee whereabouts. 
C)  They promote compensation accuracy that matches company needs. 
D)  They alleviate the need for internal control. 
A)  They replace personnel with computers,which prevents ethical issues. 
B)  They maintain precise tracking of employee whereabouts. 
C)  They promote compensation accuracy that matches company needs. 
D)  They alleviate the need for internal control.

Question 6

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

Accepted Answer

A)  Sage Books. 
B)  Quick50. 
C)  QuickBooks. 
D)  GreatBooks. 
A)  Sage Books. 
B)  Quick50. 
C)  QuickBooks. 
D)  GreatBooks.

Question 7

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

Accepted Answer

A)  HIPAA 
B)  ERISA 
C)  PRWOR 
D)  DOMA 
A)  HIPAA 
B)  ERISA 
C)  PRWOR 
D)  DOMA

Question 8

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

Accepted Answer

A)  Social Security Number. 
B)  Employer Registration Number. 
C)  Tax Identification Number. 
D)  Employer Identification Number 
A)  Social Security Number. 
B)  Employer Registration Number. 
C)  Tax Identification Number. 
D)  Employer Identification Number

Question 9

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

Accepted Answer

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

Question 10

Ryan is an independent contractor for a firm.His employer must:

Accepted Answer

A)  Dictate the amount of work he performs. 
B)  Control the amount and nature of his working hours. 
C)  Provide all tools and an appropriate workspace. 
D)  Control only deliverables and work content. 
A)  Dictate the amount of work he performs. 
B)  Control the amount and nature of his working hours. 
C)  Provide all tools and an appropriate workspace. 
D)  Control only deliverables and work content.

Question 11

The Lilly Ledbetter Act of 2009 mandated equal pay for men and women who perform identical tasks.

Accepted Answer

A) True 
 B)False

Question 12

Payroll taxes were instituted by the 16th Amendment to the United States Constitution:

Accepted Answer

A)  To pay for governmental salaries. 
B)  To make money from businesses that had employees. 
C)  To fund infrastructure improvements of booming cities. 
D)  To penalize people who needed employment. 
A)  To pay for governmental salaries. 
B)  To make money from businesses that had employees. 
C)  To fund infrastructure improvements of booming cities. 
D)  To penalize people who needed employment.

Question 13

The ethical principle of due care pertains to the upholding of rights and justice of stakeholders.

Accepted Answer

A) True 
 B)False

Question 14

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

Accepted Answer

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

Question 15

Jeremiah is a salaried exempt worker whose standard workday consists of eight-hour shifts.During a workweek,he exceeded eight hours of work on two separate days but did not exceed 40 hours during the work week.What is the FLSA provision for the time that he worked past eight hours in a single day?

Accepted Answer

A)  He must be compensated at overtime rates for any hours past eight in a single day. 
B)  He must reduce the time he works on subsequent days. 
C)  He must alert his manager of the extra time on the next business day. 
D)  He will receive no additional compensation for the extra time worked. 
A)  He must be compensated at overtime rates for any hours past eight in a single day. 
B)  He must reduce the time he works on subsequent days. 
C)  He must alert his manager of the extra time on the next business day. 
D)  He will receive no additional compensation for the extra time worked.

Question 16

The classification of workers as exempt and nonexempt pertains to the provisions of the:

Accepted Answer

A)  Social Security Act. 
B)  Equal Pay Act. 
C)  Fair Labor Standards Act. 
D)  Federal insurance Contributions Act. 
A)  Social Security Act. 
B)  Equal Pay Act. 
C)  Fair Labor Standards Act. 
D)  Federal insurance Contributions Act.

Question 17

Adrienne is a nonexempt employee who works for a firm that has an elected workweek composed of four 10-hour days and pays overtime after 40 hours worked per week.What is the rule about overtime for her work situation?

Accepted Answer

A)  She must be compensated for all hours worked past 8 in a single day. 
B)  She will receive overtime pay when working more than 10 hours during a shift. 
C)  She receives overtime only when she works past 40 hours in any given week. 
D)  She is not eligible for overtime pay. 
A)  She must be compensated for all hours worked past 8 in a single day. 
B)  She will receive overtime pay when working more than 10 hours during a shift. 
C)  She receives overtime only when she works past 40 hours in any given week. 
D)  She is not eligible for overtime pay.

Question 18

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?

Accepted Answer

A)  Handwritten time slips on which the employee documents the times worked on each job. 
B)  Verbal reporting via telephone of time worked per job. 
C)  Computer log-ins when employees change tasks. 
D)  Radio-frequency time cards to track time allocations. 
A)  Handwritten time slips on which the employee documents the times worked on each job. 
B)  Verbal reporting via telephone of time worked per job. 
C)  Computer log-ins when employees change tasks. 
D)  Radio-frequency time cards to track time allocations.

Question 19

Many large companies have website portals in which employees may view and change payroll data.Which of the following is the most significant concern about such websites?

Accepted Answer

A)  Accuracy of employee-entered data. 
B)  Employer oversight of stored data. 
C)  Employee website navigation issues. 
D)  Security of personnel data. 
A)  Accuracy of employee-entered data. 
B)  Employer oversight of stored data. 
C)  Employee website navigation issues. 
D)  Security of personnel data.

Question 20

According to the Fair Labor Standards Act,nonexempt workers receive overtime for:

Accepted Answer

A)  Hours worked in excess of 8 per day and 30 per week. 
B)  Hours worked in excess of 40 per week. 
C)  Hours worked in excess of 9 per day or 35 per week. 
D)  Hours worked in excess of employer-determined rules. 
A)  Hours worked in excess of 8 per day and 30 per week. 
B)  Hours worked in excess of 40 per week. 
C)  Hours worked in excess of 9 per day or 35 per week. 
D)  Hours worked in excess of employer-determined rules.

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

Congress passed the __ and _ to assist displaced workers.

Prevailing local wages and wage classification strategies for government contractors were mandated by the _______________.

What is the most significant challenge pertaining to payroll that small businesses face?

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

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

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

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

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

Ryan is an independent contractor for a firm.His employer must:

The Lilly Ledbetter Act of 2009 mandated equal pay for men and women who perform identical tasks.

Payroll taxes were instituted by the 16^th Amendment to the United States Constitution:

The ethical principle of due care pertains to the upholding of rights and justice of stakeholders.

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

Jeremiah is a salaried exempt worker whose standard workday consists of eight-hour shifts.During a workweek,he exceeded eight hours of work on two separate days but did not exceed 40 hours during the work week.What is the FLSA provision for the time that he worked past eight hours in a single day?

The classification of workers as exempt and nonexempt pertains to the provisions of the:

Adrienne is a nonexempt employee who works for a firm that has an elected workweek composed of four 10-hour days and pays overtime after 40 hours worked per week.What is the rule about overtime for her work situation?

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?

Many large companies have website portals in which employees may view and change payroll data.Which of the following is the most significant concern about such websites?

According to the Fair Labor Standards Act,nonexempt workers receive overtime for:

Payroll System Procedures

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 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.

Congress passed the __________________ and _________________ to assist displaced workers.

Prevailing local wages and wage classification strategies for government contractors were mandated by the _______________.

What is the most significant challenge pertaining to payroll that small businesses face?

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

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

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

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

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

Ryan is an independent contractor for a firm.His employer must:

The Lilly Ledbetter Act of 2009 mandated equal pay for men and women who perform identical tasks.

Payroll taxes were instituted by the 16th Amendment to the United States Constitution:

The ethical principle of due care pertains to the upholding of rights and justice of stakeholders.

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

Jeremiah is a salaried exempt worker whose standard workday consists of eight-hour shifts.During a workweek,he exceeded eight hours of work on two separate days but did not exceed 40 hours during the work week.What is the FLSA provision for the time that he worked past eight hours in a single day?

The classification of workers as exempt and nonexempt pertains to the provisions of the:

Adrienne is a nonexempt employee who works for a firm that has an elected workweek composed of four 10-hour days and pays overtime after 40 hours worked per week.What is the rule about overtime for her work situation?

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?

Many large companies have website portals in which employees may view and change payroll data.Which of the following is the most significant concern about such websites?

According to the Fair Labor Standards Act,nonexempt workers receive overtime for:

Payroll System Procedures

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

Congress passed the __ and _ to assist displaced workers.

Payroll taxes were instituted by the 16^th Amendment to the United States Constitution: