Exam 1: Payroll Practices and System Fundamentals

The purpose of payroll legislation is to:

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?

Leslie is the accountant for a major movie production.She is approached by a group of people from the press who ask her questions about the salaries of the actors and actresses involved in the film.According to the AICPA Code of Ethics,which principle most closely governs the appropriate conduct in this situation?

Which most closely identifies why it is important for payroll accountants to adhere to the AICPA Code of Ethics?

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

Which form does the Internal Revenue Service use to keep track of employers?

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?

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

The main purpose of the Federal Insurance Contribution Act (FICA)was to:

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