Exam 1: Payroll Practices and System Functions

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?

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?

Which Act governs the minimum wage that must be paid to workers?

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

Payroll accounting systems may involve an integrated software package that contains business-planning tools.

If a company chooses to use computer-based accounting,which of the following is required?

The IRS uses EINs to track employers for tax purposes.

Employment legislation during the Great Depression included which of the following Acts:

Paycards represent a trend in employee compensation that alleviates the employee's need for:

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

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

___________________ is required under the Davis-Bacon Act for companies who do business with the Federal government.

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

Which of the following is not a payroll-related issue that is specific to large companies?

Which of the following is not a payroll accountant's responsibility?

In the event of an ethical breach by a payroll accountant,which entity is ultimately liable for any monetary damages due to stakeholders?

What is the effect of payroll-related legislation on payroll practice?

Companies may use _____________ and ____________ to allow employees to have secure,rapid access to their compensation.

Which law requires a company to use certified payroll?

The Worker's Compensation Act of 1935 legislated the payment of worker's compensation insurance.