Payroll Accounting Exam with precise detailed answers || || || || || ||
London Franco was dismissed from employment at Precision Dynamics because of a race-related
|| || || || || || || || || || || || ||
incident. London sued Precision Dynamics for $150,000 because of the discrimination. Which of
|| || || || || || || || || || || || ||
the following laws provides for monetary awards during discrimination lawsuits? - ✔✔Civil
|| || || || || || || || || || || ||
Rights Act of 1991 || || ||
Ines, Incorporated, is a qualified private-sector company that provides health insurance to its
|| || || || || || || || || || || || ||
employees. The company is self-insured. Which of the following forms should the company
|| || || || || || || || || || || || ||
provide its employees to comply with the Affordable Care Act? - ✔✔1095-B
|| || || || || || || || || || ||
Definition for manual payroll. - ✔✔Payroll administration using a paper payroll register.
|| || || || || || || || || || ||
Definition for time card. - ✔✔A record of the time worked during a period for an individual
|| || || || || || || || || || || || || || || || ||
employee.
Definition for paycard. - ✔✔A preloaded credit card is used to pay employees.
|| || || || || || || || || || || ||
Definition for employee internet portal. - ✔✔A web-based application wherein employees can
|| || || || || || || || || || || ||
modify certain payroll-related information.
|| || ||
Definition for certified payroll. - ✔✔A way for governmental agencies to track the payroll
|| || || || || || || || || || || || || ||
associated with a government contract. || || || ||
Definition for outsourced payroll. - ✔✔The use of an external company to track time and benefits
|| || || || || || || || || || || || || || ||
and pay employees.
|| || ||
Definition for auditor. - ✔✔A person or group who examines a company's accounting records for
|| || || || || || || || || || || || || || ||
accuracy.
,Definition for ADP and Paychex®. - ✔✔Examples of companies used for outsourcing payroll
|| || || || || || || || || || || || ||
processing.
Definition for time collection. - ✔✔The process of gathering information about hours worked for
|| || || || || || || || || || || || || ||
one or more employees.
|| || ||
Definition for Davis-Bacon Act. - ✔✔Governs accounting for firms with federal government
|| || || || || || || || || || || ||
contracts in excess of $2,000. || || || ||
Definition for Consolidated Appropriations Act. - ✔✔Provided funding for the E-Verify program.
|| || || || || || || || || || ||
What is an example used to explain ADEA? - ✔✔Thurston vs Trans World Airlines
|| || || || || || || || || || || || ||
What is a reason for the Current Tax Payment Act legislation? - ✔✔Ensuring employers remit
|| || || || || || || || || || || || || || ||
taxes withheld from employees.
|| || ||
Which legislation focuses on cybercrime? - ✔✔Common Law Privacy Act and Freedom of
|| || || || || || || || || || || || ||
Information Act ||
What is an example of a special reporting requirement? - ✔✔Certified Payroll
|| || || || || || || || || || ||
What is the importance of the disregarded entity information? - ✔✔This is needed when
|| || || || || || || || || || || || || ||
completing the Type of Entity information on the SS-4. || || || || || || || ||
Ash Accardi is the accounting manager for a small local firm with full- and part-time staff. How
|| || || || || || || || || || || || || || || || ||
do FLSA guidelines regarding working hours apply to Ash's employees? - ✔✔1. Minimum wage
|| || || || || || || || || || || || || ||
considerations for both salaried and hourly workers 2. Whether the company is required to abide || || || || || || || || || || || || || || ||
by the FLSA (no interstate commerce)
|| || || || ||
3. Maximum hours
|| ||
4. Minimum age
|| ||
, 5. Pay rates
|| ||
6. Mandatory break periods
|| || ||
Micah Sherman works in the payroll department at Radiance Windows. The employer has
|| || || || || || || || || || || || ||
determined that the payroll functions should be moved to a cloud-based platform that can support || || || || || || || || || || || || || || ||
its 500 employees, be used remotely, and has requested recommendations. What options could
|| || || || || || || || || || || || ||
Micah propose? - ✔✔1. Online options with mobile access
|| || || || || || || ||
2. Employee security and confidentiality
|| || || ||
3. SSL, VPN, and CAPTCHA tools
|| || || || ||
Eden Motta is the office manager and payroll clerk for his company, composed of 12 employees.
|| || || || || || || || || || || || || || || ||
An employee, Xai Gladwin, stops by Eden's office and wants to view their payroll record. What
|| || || || || || || || || || || || || || || ||
privacy regulations must Eden consider before granting coworker access? - ✔✔The Privacy Act
|| || || || || || || || || || || || ||
of 1974 allows an employee access to their payroll records.
|| || || || || || || || ||
A group of employees who read on a website that income tax collection is illegal approach Jules
|| || || || || || || || || || || || || || || || ||
Furst, the controller for a large company. They ask that the company stop withholding income
|| || || || || || || || || || || || || || ||
taxes from their pay without an explanation of what laws govern income tax collection. What
|| || || || || || || || || || || || || || ||
should Jules tell them? - ✔✔The 16th Amendment to the U.S. Constitution created the legislation
|| || || || || || || || || || || || || || ||
to support the collection of taxes from the employees. Additional Social Security Insurance Act
|| || || || || || || || || || || || || ||
was created to provide funding through tax withholdings.
|| || || || || || ||
Callen Germain is a warehouse worker for a small grocery market. While some merchandise was
|| || || || || || || || || || || || || || ||
being moved, the loading dock door unexpectedly fell and injured Callen. How does OSHA apply
|| || || || || || || || || || || || || ||
to Callen for this type of injury? - ✔✔1. Workers' compensation insurance will provide for the
|| || || || || || || || || || || || || || || || ||
coverage of wage compensation for the employee and covered medical expenses should the
|| || || || || || || || || || || || ||
company's work environment, and not employee error, be found at fault. || || || || || || || || || ||
2. In this type of situation, there would be an OSHA inspection to ensure that the working
|| || || || || || || || || || || || || || || || ||
environment was not the cause of the injury. || || || || || || ||
3. Another legal provision is that Callen may be protected under FMLA and may have to take
|| || || || || || || || || || || || || || || || ||
unpaid leave if there is no accrued leave available, but the employment and medical benefits
|| || || || || || || || || || || || || || ||
would be guaranteed. || ||
London Franco was dismissed from employment at Precision Dynamics because of a race-related
|| || || || || || || || || || || || ||
incident. London sued Precision Dynamics for $150,000 because of the discrimination. Which of
|| || || || || || || || || || || || ||
the following laws provides for monetary awards during discrimination lawsuits? - ✔✔Civil
|| || || || || || || || || || || ||
Rights Act of 1991 || || ||
Ines, Incorporated, is a qualified private-sector company that provides health insurance to its
|| || || || || || || || || || || || ||
employees. The company is self-insured. Which of the following forms should the company
|| || || || || || || || || || || || ||
provide its employees to comply with the Affordable Care Act? - ✔✔1095-B
|| || || || || || || || || || ||
Definition for manual payroll. - ✔✔Payroll administration using a paper payroll register.
|| || || || || || || || || || ||
Definition for time card. - ✔✔A record of the time worked during a period for an individual
|| || || || || || || || || || || || || || || || ||
employee.
Definition for paycard. - ✔✔A preloaded credit card is used to pay employees.
|| || || || || || || || || || || ||
Definition for employee internet portal. - ✔✔A web-based application wherein employees can
|| || || || || || || || || || || ||
modify certain payroll-related information.
|| || ||
Definition for certified payroll. - ✔✔A way for governmental agencies to track the payroll
|| || || || || || || || || || || || || ||
associated with a government contract. || || || ||
Definition for outsourced payroll. - ✔✔The use of an external company to track time and benefits
|| || || || || || || || || || || || || || ||
and pay employees.
|| || ||
Definition for auditor. - ✔✔A person or group who examines a company's accounting records for
|| || || || || || || || || || || || || || ||
accuracy.
,Definition for ADP and Paychex®. - ✔✔Examples of companies used for outsourcing payroll
|| || || || || || || || || || || || ||
processing.
Definition for time collection. - ✔✔The process of gathering information about hours worked for
|| || || || || || || || || || || || || ||
one or more employees.
|| || ||
Definition for Davis-Bacon Act. - ✔✔Governs accounting for firms with federal government
|| || || || || || || || || || || ||
contracts in excess of $2,000. || || || ||
Definition for Consolidated Appropriations Act. - ✔✔Provided funding for the E-Verify program.
|| || || || || || || || || || ||
What is an example used to explain ADEA? - ✔✔Thurston vs Trans World Airlines
|| || || || || || || || || || || || ||
What is a reason for the Current Tax Payment Act legislation? - ✔✔Ensuring employers remit
|| || || || || || || || || || || || || || ||
taxes withheld from employees.
|| || ||
Which legislation focuses on cybercrime? - ✔✔Common Law Privacy Act and Freedom of
|| || || || || || || || || || || || ||
Information Act ||
What is an example of a special reporting requirement? - ✔✔Certified Payroll
|| || || || || || || || || || ||
What is the importance of the disregarded entity information? - ✔✔This is needed when
|| || || || || || || || || || || || || ||
completing the Type of Entity information on the SS-4. || || || || || || || ||
Ash Accardi is the accounting manager for a small local firm with full- and part-time staff. How
|| || || || || || || || || || || || || || || || ||
do FLSA guidelines regarding working hours apply to Ash's employees? - ✔✔1. Minimum wage
|| || || || || || || || || || || || || ||
considerations for both salaried and hourly workers 2. Whether the company is required to abide || || || || || || || || || || || || || || ||
by the FLSA (no interstate commerce)
|| || || || ||
3. Maximum hours
|| ||
4. Minimum age
|| ||
, 5. Pay rates
|| ||
6. Mandatory break periods
|| || ||
Micah Sherman works in the payroll department at Radiance Windows. The employer has
|| || || || || || || || || || || || ||
determined that the payroll functions should be moved to a cloud-based platform that can support || || || || || || || || || || || || || || ||
its 500 employees, be used remotely, and has requested recommendations. What options could
|| || || || || || || || || || || || ||
Micah propose? - ✔✔1. Online options with mobile access
|| || || || || || || ||
2. Employee security and confidentiality
|| || || ||
3. SSL, VPN, and CAPTCHA tools
|| || || || ||
Eden Motta is the office manager and payroll clerk for his company, composed of 12 employees.
|| || || || || || || || || || || || || || || ||
An employee, Xai Gladwin, stops by Eden's office and wants to view their payroll record. What
|| || || || || || || || || || || || || || || ||
privacy regulations must Eden consider before granting coworker access? - ✔✔The Privacy Act
|| || || || || || || || || || || || ||
of 1974 allows an employee access to their payroll records.
|| || || || || || || || ||
A group of employees who read on a website that income tax collection is illegal approach Jules
|| || || || || || || || || || || || || || || || ||
Furst, the controller for a large company. They ask that the company stop withholding income
|| || || || || || || || || || || || || || ||
taxes from their pay without an explanation of what laws govern income tax collection. What
|| || || || || || || || || || || || || || ||
should Jules tell them? - ✔✔The 16th Amendment to the U.S. Constitution created the legislation
|| || || || || || || || || || || || || || ||
to support the collection of taxes from the employees. Additional Social Security Insurance Act
|| || || || || || || || || || || || || ||
was created to provide funding through tax withholdings.
|| || || || || || ||
Callen Germain is a warehouse worker for a small grocery market. While some merchandise was
|| || || || || || || || || || || || || || ||
being moved, the loading dock door unexpectedly fell and injured Callen. How does OSHA apply
|| || || || || || || || || || || || || ||
to Callen for this type of injury? - ✔✔1. Workers' compensation insurance will provide for the
|| || || || || || || || || || || || || || || || ||
coverage of wage compensation for the employee and covered medical expenses should the
|| || || || || || || || || || || || ||
company's work environment, and not employee error, be found at fault. || || || || || || || || || ||
2. In this type of situation, there would be an OSHA inspection to ensure that the working
|| || || || || || || || || || || || || || || || ||
environment was not the cause of the injury. || || || || || || ||
3. Another legal provision is that Callen may be protected under FMLA and may have to take
|| || || || || || || || || || || || || || || || ||
unpaid leave if there is no accrued leave available, but the employment and medical benefits
|| || || || || || || || || || || || || || ||
would be guaranteed. || ||
