88 test bank for payroll accounting 2015 25th edition

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88 Test Bank for Payroll Accounting 2015 25th Edition

Multiple Choice Questions

Which of the following acts levies a tax on employers and employees that is credited to the Federal Old-Age and

Survivors’ Trust Fund and the Federal Disability Insurance Trust Fund?

1 a Federal Income Tax Act

2 b Federal Insurance Contributions Act

3 c Fair Labor Standards Act

4 d Federal Unemployment Tax Act

5 e Employee Retirement Income Security Act

Which of the following forms is used to notify the Payroll Department to add a new employee to the payroll?

1 a Employee’s earnings record

2 b Change in payroll rate form

3 c Reference inquiry form

4 d Hiring notice

5 e None of the above

Which of the following acts deals with the minimum wage paid to laborers for contractors on federal government construction contracts?

1 a Walsh-Healey Public Contracts Act

2 b Fair Labor Standards Act

3 c McNamaraO’Hara Service Contract Act

4 d Occupational Safety and Health Act

5 e None of the above

Medicare is a two-part health insurance program that was part of an

amendment to what act?

1 a Federal Insurance Contributions Act

2 b Federal Income Tax Withholding Law

3 c Federal Unemployment Tax Act

4 d Affordable Care Act

5 e Fair Labor Standards Act

Which of the following acts deals with the minimum wage paid to laborers for contractors who supply materials to any agency of the United States?

1 a Davis-Bacon

2 b Walsh-Healey Public Contracts

3 c Federal Insurance Contributions

4 d McNamaraO’Hara Service Contract

3 c Change in payroll rate form

4 d Employee’s individual retirement account

5 e Employee’s earnings record

Which of the following is not a provision of the Fair Labor Standards Act (FLSA)?

1 a Restricts the employment of child labor

2 b Sets up minimum wage

3 c Forbids discrimination in hiring

4 d Mandates equal pay for equal work, regardless of sex

5 e All are provisions of the FLSA

Which of the following statements is not a provision of ERISA?

1 a ERISA applies to pension and welfare plans established by any employer engaged

in commerce.

2 b ERISA establishes minimum vesting schedules that protect the workers’ benefits.

3 c ERISA provides that all employees are eligible to set up their own individual

retirement accounts.

4 d ERISA requires each employer to establish a pension plan.

5 e All of the above are provisions of ERISA.

The Age Discrimination in Employment Act provides protection to virtually all workers over the age of:

Which of the following acts covers employee pension and welfare plans?

1 a Federal Unemployment Tax Act

2 b Federal Insurance Contributions Act

3 c Age Discrimination in Employment Act

4 d Family and Medical Leave Act

5 e Employee Retirement Income Security Act

Which of the following laws establishes the minimum wage?

1 a Fair Labor Standards Act

2 b Federal Personal Responsibility and Work Opportunity Reconciliation Act

3 c Federal Insurance Contributions Act

4 d Federal Unemployment Tax Act

5 e Fair Employment Laws

Prehire questions pertaining to religion, gender, national origin, or age are allowed if:

1 a all employees are asked the same questions.

2 b only foreign-born applicants are asked these questions.

3 c these factors are bona fide occupational qualifications for the job.

4 d they are not in written form.

5 e the applicant is married.

ERISA provides for full vesting of the employer’s contribution to an employee’

s pension fund in three years or gradually over:

1 a ten years.

2 b five years.

3 c six years.

4 d seven years.

5 e No gradual vesting is allowed.

Which of the following is not part of the social security program?

1 a Federal Income Tax Law

2 b Federal OldAge and Survivors’ Trust Fund

3 c Medicare

4 d Self-Employment Contributions Act

5 e All are part of the social security program

Form I-9, which is completed by each employee, deals with:

1 a contributions to individual retirement accounts.

2 b verification of employment eligibility.

3 c eligibility for unemployment benefits.

4 d eligibility for Medicare benefits.

5 e none of the above.

Which of the following items does

not always appear on both the payroll register and the employee’s earnings record in the weekly payroll recording?

1 a Gross weekly pay

2 b Net amount of the paycheck

3 c Federal income tax deducted

4 d Cumulative earnings

5 e All of the above appear on both records.

Which of the following records lists all employees who earn remuneration, the amount of remuneration, the deductions, and the net amount paid for each payroll period?

1 a Employee history record

2 b Payroll register

3 c Change in payroll rate form

4 d Reference inquiry form

5 e None of the above

Which of the following bases for discrimination in employment practices is not covered in Title VII of the Civil Rights Act of 1964 as amended?

True - False Questions - Page 1

The Federal Income Tax Withholding Law requires that all employment data

be kept on file permanently

1 True

2 False

Employers cannot terminate an employee for providing false information on

an application form once the employee begins employment

The Federal Insurance Contributions Act covers restrictions on the

employment of child labor

The Age Discrimination in Employment Act protects virtually all workers, but only to the age of 70

Once vested, workers have the right to receive a pension at retirement age, even if they no longer work for that company

The employer is required by the FLSA to display a poster that informs

employees of the provisions of the law

Under the Family and Medical Leave Act, an employer can substitute an emplo yee’s earned paid leave for any part of the 12-week family leave

Under federal law, new-hire reporting also applies to newly hired independent contractors

In the event employment is denied because of the information obtained from

an investigative consumer report, the employer is required to inform the individual that this was the reason for denying employment

70 Free Test Bank for Payroll Accounting 2015 25th

Edition by Bieg True - False Questions - Page 2

The FLSA provides health insurance for the aged and disabled (Medicare)

By the use of executive orders, the federal government has banned

discrimination in employment on government contracts

Under the Civil Rights Act of 1964, the U.S government is classified as an exempt employer

1 True

2 False

Under ERISA, if there is a pension plan, every employee is eligible after

reaching age 21 or completing one year of service, whichever is later

1 True

2 False

In order for the Walsh-Healey Public Contracts Act to protect laborers for contractors who furnish materials to any agency of the United States, the contract amount must be at least $10,000

1 True

2 False

Under the Federal Personal Responsibility and Work Opportunity

Reconciliation Act, every employer is required to report the name, address, and social security number of each new employee to the appropriate state agency

1 True

2 False

The amounts needed for the payroll entries in the journal come from the

employee’s earnings record

Workers’ compensation insurance premiums for employers vary according to the different degrees of danger in

various classes of jobs and the employers’ accident experience rate

Most firms are now using a standard reference inquiry form, supplied by the IRS

1 True

2 False

Only one state has passed a law to provide disability benefits to employees absent from their jobs due to illness, accident, or disease not arising out of their employment

1 True

2 False

Employers not subject to Title VII coverage may come within the scope of the Civil Rights Act by reason of a contract or subcontract involving federal funds

If an investigative consumer report is being checked, the job applicant must

be notified in writing by the employer that such a report is being sought

ERISA provides for full vesting of the employer’s contributions in three years

or gradually over six.

1 True

2 False

A payroll register lists all employees who have earned remuneration, the amount of remuneration, the deductions, and the net amount paid for each pay period

1 True

2 False

Each state imposes an income tax on employees that is 2 percent of gross wages