Test bank for payroll accounting 2014 24th edition

Test Bank for Payroll Accounting 2014 24th EditionThe current minimum wage set by the Fair Labor Standards Act is $7.25 per hour.. Which of the following acts levies a tax on employers a

Test Bank for Payroll Accounting 2014 24th Edition

The current minimum wage set by the Fair Labor Standards Act is $7.25 per hour

1 True

2 False

The FLSA imposes no recordkeeping requirements on employers

1 True

2 False

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

employees of the provisions of the law

1 True

2 False

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

discrimination in employment on government contracts

1 True

2 False

Under the Federal Personal Responsibility and Work Opportunity

Re-conciliation Act, every employer is required to report the name, ad-dress, and social security number of each new employee to the ap-propriate state

2 False

Under the Family and Medical Leave Act, an employer can substitute an

employee’s earned paid leave for any part of the 12-week family leave

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

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

or gradually over six

1 True

Questions pertaining to religion, gender, national origin, or age are allowed

on application forms when these are bona fide occupational qualifications for

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

1 True

2 False

There are no states that allow employees to access their personnel files

1 True

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 is not part of the social security program?

1 a Federal Income Tax Law

2 b Federal Old-Age and Survivors’ Trust Fund

3 c Medicare

4 d Self-Employment Contributions Act

5 e All are part of the social security program

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

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

1 a 18

2 b 65

3 c 21.

4 d 55

5 e 40

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 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 McNamara-O’Hara Service Contract Act

4 d Occupational Safety and Health Act

5 e None of the above

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

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

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 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

The Fair Labor Standards Act is commonly known as the Federal Wage and Hour Law

1 True

2 False

The Federal Insurance Contributions Act covers restrictions on the

employment of child labor

1 True

2 False

The Federal Income Tax Withholding Law requires that all employment data

be kept on file permanently

1 True

2 False

In cases where both federal and state regulations cover the minimum wage for the same employee,the federal rate is always used as the standard minimum wage

1 True

2 False

Those records that are required by the various payroll laws must generally be kept on file for only the current year

Criminal background checks can be used by employers on all job

Employers receive credit against their SUTA tax for their FUTA

Form I-9, Employment Eligibility Verification, is completed only by employees who were born outside the United States

Under the Family and Medical Leave Act, an employer can substitute an

employee’s earned paid leave for any part of the 12-week family leave

1 True

2 False

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

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

1 True

2 False

Employers cannot terminate an employee for providing false information on

an application form once the employee begins employment

The FLSA requires all employees to be paid weekly

1 True

2 False

Which of the following laws establishes the minimum wage?

1 (A) Fair Labor Standards Act,

2 (B) FederalPersonal Responsibility and Work Opportunity Reconciliation Act,

3 (C) Federal Insurance Contributions Act,

4 (D) Federal Unemployment Tax Act,

5 (E) Fair Employment Laws

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?

1 (A) Color,

2 (B) Religion

3 (C) Age,

4 (D) Sex,

5 (E) National origin

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

1 (A) Federal Unemploy-ment 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

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 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

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) McNamara-O’Hara Service Contract,

5 (E) None of these

Which of the following forms is used to complete each employee’s Form W-2, Wage and Tax Statement?

1 (A) Payroll register,

2 (B) Employee’s paycheck,

3 (C) Change in payroll rate form,

4 (D) Employee’s individual retirement account,

5 (E) Employee’s earnings record

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 pay-check,

3 (C) Federal income tax deducted,

4 (D) Cumulative earnings,

5 (E) All of the above appear on both records