PAYROLL ACCOUNTING 2026 CHAPTER
REVIEW EXAM
◉ False. Answer: The FLSA provides health insurance for the aged
and disabled (Medicare). t/f
◉ False. Answer: The trend toward outsourcing of payroll
operations has weakened in recent years. t/f
◉ False. Answer: The total cost of workers compensation insurance
is born by the employees. T/F
◉ False. Answer: Only six states do not impose a state
unemployement tax on employers in their state
◉ False. Answer: Employment application forms are usually
discarded when the applicant is hired. T/F
◉ Fair Labor Standards Act. Answer: Which of the following laws
establishes the minumum wage?
◉ True. Answer: An exception to the protection that the Age
Discrimination in Employment Act provides for all workers over 40
,involves executives who are 65 or older and who have held high
policy-making positions during the two-year period prior to
retirement (T/F)
◉ True. Answer: ERISA provides for full vesting of the employers
contributions in three years of gradually over six (T/F)
◉ False. Answer: Each state imposes an income tax on employees
that is 2 percent of gross wages (T/F)
◉ True. Answer: The self-employment contributions act imposes a
tax on the net earnings from self-employment derived by an
individual from any trade or business (T/F)
◉ True. Answer: 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 (T/F)
◉ True. Answer: Questions pertaining to religion, gender, nation
origin, or age are allowed on application forms when these are bona
fide occupational qualifications for a job (T/F)
◉ None of these. Answer: Which of the following acts deal with the
minimum wage paid to laborers for contractors on federal
government construction contracts?
, ◉ true. Answer: In order for the Walsh-Healy Public Contacts Act to
protect laborers for contractors who furnish materials to any agency
of the United States, the contract amount must be atleast $10,000
(T/F)
◉ Verification of employment eligibility. Answer: Form I-9, which is
completed by each employee, deals with:
◉ False. Answer: The amounts needed for the payroll entries in the
journal come from the employee's earnings record (T/F)
◉ False. Answer: The payroll register is a separate payroll record
that is kept on each employee (T/F)
◉ False. Answer: 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 (T/F)
◉ False. Answer: The FLSA imposes no record keeping requirement
on employers (T/F)
◉ False. Answer: Workers compensation benefits are paid directly to
the employer(T/F)
REVIEW EXAM
◉ False. Answer: The FLSA provides health insurance for the aged
and disabled (Medicare). t/f
◉ False. Answer: The trend toward outsourcing of payroll
operations has weakened in recent years. t/f
◉ False. Answer: The total cost of workers compensation insurance
is born by the employees. T/F
◉ False. Answer: Only six states do not impose a state
unemployement tax on employers in their state
◉ False. Answer: Employment application forms are usually
discarded when the applicant is hired. T/F
◉ Fair Labor Standards Act. Answer: Which of the following laws
establishes the minumum wage?
◉ True. Answer: An exception to the protection that the Age
Discrimination in Employment Act provides for all workers over 40
,involves executives who are 65 or older and who have held high
policy-making positions during the two-year period prior to
retirement (T/F)
◉ True. Answer: ERISA provides for full vesting of the employers
contributions in three years of gradually over six (T/F)
◉ False. Answer: Each state imposes an income tax on employees
that is 2 percent of gross wages (T/F)
◉ True. Answer: The self-employment contributions act imposes a
tax on the net earnings from self-employment derived by an
individual from any trade or business (T/F)
◉ True. Answer: 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 (T/F)
◉ True. Answer: Questions pertaining to religion, gender, nation
origin, or age are allowed on application forms when these are bona
fide occupational qualifications for a job (T/F)
◉ None of these. Answer: Which of the following acts deal with the
minimum wage paid to laborers for contractors on federal
government construction contracts?
, ◉ true. Answer: In order for the Walsh-Healy Public Contacts Act to
protect laborers for contractors who furnish materials to any agency
of the United States, the contract amount must be atleast $10,000
(T/F)
◉ Verification of employment eligibility. Answer: Form I-9, which is
completed by each employee, deals with:
◉ False. Answer: The amounts needed for the payroll entries in the
journal come from the employee's earnings record (T/F)
◉ False. Answer: The payroll register is a separate payroll record
that is kept on each employee (T/F)
◉ False. Answer: 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 (T/F)
◉ False. Answer: The FLSA imposes no record keeping requirement
on employers (T/F)
◉ False. Answer: Workers compensation benefits are paid directly to
the employer(T/F)
