Exam 1: Payroll Practices and System Fundamentals

The Fair Labor Standards Act contains provisions for:

The purpose of payroll legislation is to:

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

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

Which of the following is among the guidelines for the AICPA Code of Ethics?

Which of the following is true about independent contractors within the context of payroll?

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

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

Why is outsourced payroll popular among accounting professionals?

A(n)_____ allows the Internal Revenue Service to keep track of employers.

To re-verify an employee's employment authorization,________ must be used.

The U.S.v.Windsor case repealed an Act and affected payroll tax withholdings for certain employees.Which Act did Windsor repeal?

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

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.

An accountant must remain current in his or her knowledge of current payroll practices,according to the ethical principle of ________.

To verify employment eligibility for employees,________ is mandatory for all employers but ________ is not.

The IRS uses EINs to track employers for tax purposes.

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

Congress passed the ________ and ________ to assist displaced workers.