Question 1

The Fair Labor Standards Act contains provisions for:

Accepted Answer

A)  Overtime pay, minimum wage, and working conditions. 
B)  Full-time workers, part-time workers, and independent contractors. 
C)  Minimum wage, maximum age, and overtime pay. 
D)  Pay periods, paid time off, and minimum age. 
A)  Overtime pay, minimum wage, and working conditions. 
B)  Full-time workers, part-time workers, and independent contractors. 
C)  Minimum wage, maximum age, and overtime pay. 
D)  Pay periods, paid time off, and minimum age.

Question 2

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 45 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 45 hours in any given week. 
D)  She is not eligible for overtime pay.

Question 3

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 4

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

Accepted Answer

A)  Personal Responsibility and Work Opportunity Reconciliation Act of 1996. 
B)  Health Insurance Portability and Accountability Act of 1996. 
C)  American Reinvestment and Recovery Act of 2009. 
D)  Immigration Reform and Control Act of 1986. 
A)  Personal Responsibility and Work Opportunity Reconciliation Act of 1996. 
B)  Health Insurance Portability and Accountability Act of 1996. 
C)  American Reinvestment and Recovery Act of 2009. 
D)  Immigration Reform and Control Act of 1986.

Question 5

Which of the following is an example of a typical exempt salaried employee?

Accepted Answer

A)  Operations Manager. 
B)  Accounting Clerk. 
C)  Executive Assistant. 
D)  Machine Operator. 
A)  Operations Manager. 
B)  Accounting Clerk. 
C)  Executive Assistant. 
D)  Machine Operator.

Question 6

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 7

Contemporary payroll practices reflect:

Accepted Answer

A)  The increased use of manual payroll accounting systems. 
B)  The decrease in labor costs that reflects the effect of the economic recession. 
C)  The strategic use of payroll data as a company planning tool. 
D)  The replacement of accounting personnel with computerized systems. 
A)  The increased use of manual payroll accounting systems. 
B)  The decrease in labor costs that reflects the effect of the economic recession. 
C)  The strategic use of payroll data as a company planning tool. 
D)  The replacement of accounting personnel with computerized systems.

Question 8

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

Accepted Answer

A)  SS-4 
B)  ES-4 
C)  EIN 
D)  W-4 
A)  SS-4 
B)  ES-4 
C)  EIN 
D)  W-4

Question 9

The U.S.v.Windsor case repealed an Act and affected payroll tax withholdings for certain employees.Which Act did Windsor repeal?

Accepted Answer

A)  OSHA 
B)  ARRA 
C)  ATRA 
D)  DOMA 
A)  OSHA 
B)  ARRA 
C)  ATRA 
D)  DOMA

Question 10

Which Act extended medical benefits for certain terminated employees?

Accepted Answer

A)  ADEA 
B)  COBRA 
C)  OSHA 
D)  ERISA 
A)  ADEA 
B)  COBRA 
C)  OSHA 
D)  ERISA

Question 11

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

Accepted Answer

A)  The employer must respect the employee's privacy by ceasing contact during the leave. 
B)  The employee is responsible for staying in touch with the employer. 
C)  The employer may make changes to the employee's benefits. 
D)  The employer is responsible for alerting the employee to changes in processes and benefits. 
A)  The employer must respect the employee's privacy by ceasing contact during the leave. 
B)  The employee is responsible for staying in touch with the employer. 
C)  The employer may make changes to the employee's benefits. 
D)  The employer is responsible for alerting the employee to changes in processes and benefits.

Question 12

Payroll-related legislation often reflects emerging issues in societal evolution.

Accepted Answer

A) True 
 B)False

Question 13

The payroll volume tends to be greater for small companies than for large businesses.

Accepted Answer

A) True 
 B)False

Question 14

The purpose of payroll legislation is to:

Accepted Answer

A)  Increase the complexity involved in compensating employees. 
B)  Protect the rights of employees by legislating workplace equity. 
C)  Generate increased tax revenue for governmental entities. 
D)  Promote governmental involvement in business activities. 
A)  Increase the complexity involved in compensating employees. 
B)  Protect the rights of employees by legislating workplace equity. 
C)  Generate increased tax revenue for governmental entities. 
D)  Promote governmental involvement in business activities.

Question 15

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 16

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

Accepted Answer

A)  To avoid potential underpayments of employee compensation. 
B)  To prevent fraud by company officers. 
C)  To protect the assets of the company and remit money owed to the government. 
D)  To maintain personal and professional standards. 
A)  To avoid potential underpayments of employee compensation. 
B)  To prevent fraud by company officers. 
C)  To protect the assets of the company and remit money owed to the government. 
D)  To maintain personal and professional standards.

Question 17

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

Accepted Answer

A)  Provide health insurance for all employees. 
B)  Mandate worker's compensation insurance for employers. 
C)  Provide life insurance for all employees. 
D)  Provide benefits for workers who were unable to work because of age, disability, or death. 
A)  Provide health insurance for all employees. 
B)  Mandate worker's compensation insurance for employers. 
C)  Provide life insurance for all employees. 
D)  Provide benefits for workers who were unable to work because of age, disability, or death.

Question 18

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

Accepted Answer

A)  Community Property Act of 1990. 
B)  Freedom of Information Act. 
C)  U.S. Department of Labor OCFO-1. 
D)  U.S. Department of Health and Human Services Privacy Act 09-40-0006. 
A)  Community Property Act of 1990. 
B)  Freedom of Information Act. 
C)  U.S. Department of Labor OCFO-1. 
D)  U.S. Department of Health and Human Services Privacy Act 09-40-0006.

Question 19

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 20

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

Accepted Answer

A) True 
 B)False

The Fair Labor Standards Act contains provisions for:

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?

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

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

Which of the following is an example of a typical exempt salaried employee?

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?

Contemporary payroll practices reflect:

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

The U.S.v.Windsor case repealed an Act and affected payroll tax withholdings for certain employees.Which Act did Windsor repeal?

Which Act extended medical benefits for certain terminated employees?

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

Payroll-related legislation often reflects emerging issues in societal evolution.

The payroll volume tends to be greater for small companies than for large businesses.

The purpose of payroll legislation is to:

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

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

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

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

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

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

Payroll System Procedures

Gross Pay Computation

Employee Net Pay and Pay Methods

Employer Payroll Taxes and Labor Planning

Payroll Register, Employee Earning Records, and Accounting System Entries

Filters

Exam 1: Payroll Practices and System Functions

The Fair Labor Standards Act contains provisions for:

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?

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

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

Which of the following is an example of a typical exempt salaried employee?

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?

Contemporary payroll practices reflect:

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

The U.S.v.Windsor case repealed an Act and affected payroll tax withholdings for certain employees.Which Act did Windsor repeal?

Which Act extended medical benefits for certain terminated employees?

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

Payroll-related legislation often reflects emerging issues in societal evolution.

The payroll volume tends to be greater for small companies than for large businesses.

The purpose of payroll legislation is to:

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

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

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

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

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

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

Payroll System Procedures

Gross Pay Computation

Employee Net Pay and Pay Methods

Employer Payroll Taxes and Labor Planning

Payroll Register, Employee Earning Records, and Accounting System Entries

Filters