PAYROLL FUNDAMENTALS 1 TEST BANK LATEST
2026 BUNDLED EXAMS WITH COMPLETE
CORRECT SOLUTIONS FOR GUARANTEED
PASS
◉Which of the following amounts are included in the calculation of an
employee's regular rate of pay?
1 Pay for hours not worked
2 Shift premiums
3 Employer benefit plan contributions
4 De minimis holiday gifts . Answer: 2 (The FLSA defines regular rate
of pay as the total regular pay for all hours work divided by the hours
worked in the workweek. The FLSA exempts the following types of pay
from the regular rate of pay - gifts, paid time off, reimbursed expenses,
discretionary bonuses, benefit plan contributions, and others.)
◉For more information, refer to Module 1, Lesson 4
All of the following items are covered by the Fair Labor Standards Act
EXCEPT:
1 defining equal pay for equal work.
2 defining when escheat laws apply.
3 setting child labor restrictions.
,4 setting the minimum age for work. Answer: 2 (The FLSA regulates
overtime, minimum wage, child labor, and equal pay.)
◉For more information, refer to Module 1, Lesson 4
Under the FLSA, an employee under the age of 20 can be paid the
opportunity wage for a maximum of:
1. 30 calendar days.
2. 60 calendar days.
3. 90 calendar days.
4. 120 calendar days. Answer: 3 (Under the FLSA, an employee under
the age of 20 can be paid the opportunity wage of $4.25 per hour for a
maximum of 90 calendar days.)
◉RATIONALE
For more information, refer to Module 1, Lesson 4
Under the FLSA, when a nonexempt employee receives a retroactive
pay increase, over what period of time, if any, will the new pay rate
impact the employee's overtime premium?
• The entire period of the retroactive increase
b. Only the current workweek
c. Only the current pay period
d. It does not have to be considered in the overtime premium . Answer: 1
(Under the FLSA, when a nonexempt employee receives a retroactive
,pay increase, the new pay rate impacts the employee's overtime
premium for the entire period of the retroactive increase.)
◉SSN stands for . Answer: Social Security Number
◉What does an I-9 Form stands for? Answer: The Employment
Eligibility Verification Form
◉What is the Employement Eligibility Verication Form code? Answer:
I-9
◉What does the Employment Verification Form do? Answer: This
proves that the employee can work in the United States.
◉What does the I-9 form do? Answer: This proves that the employee
can work in the United States.
◉What does a W-4 form stands for? Answer: The Employee's
Witholding Allowance Certificate
◉What is the code form for The Employee's Witholding Allowance
Certificate? Answer: W-4
, ◉What does the W-4 form do? Answer: It is used to calculate the
federal income taxeach emloyee owes each pay period. These taxes are
subtracted from each paycheck
◉What does the Employee's Withholding Allance Certificate do?
Answer: It is used to calculate the federal income taxeach emloyee owes
each pay period. These taxes are subtracted from each paycheck
◉Do all states have State taxes? Answer: NO
◉Employees who work in a state with a State Income Tax may have to
fill out another form ? Answer: Yes, another W-4 but for the State
Witholding Allowance Certificate.
◉Does depending where the employess work and live, they may be
asked to fill out form for local, county, or city income tax withholdong. .
Answer: Yes
◉The employee's SSN sets up an account for the employee with the
________? . Answer: SSA Social Security Administration
◉Each year the employer (The BOSS)reports wages that are recorded in
the account at SSA. . Answer: TRUE
2026 BUNDLED EXAMS WITH COMPLETE
CORRECT SOLUTIONS FOR GUARANTEED
PASS
◉Which of the following amounts are included in the calculation of an
employee's regular rate of pay?
1 Pay for hours not worked
2 Shift premiums
3 Employer benefit plan contributions
4 De minimis holiday gifts . Answer: 2 (The FLSA defines regular rate
of pay as the total regular pay for all hours work divided by the hours
worked in the workweek. The FLSA exempts the following types of pay
from the regular rate of pay - gifts, paid time off, reimbursed expenses,
discretionary bonuses, benefit plan contributions, and others.)
◉For more information, refer to Module 1, Lesson 4
All of the following items are covered by the Fair Labor Standards Act
EXCEPT:
1 defining equal pay for equal work.
2 defining when escheat laws apply.
3 setting child labor restrictions.
,4 setting the minimum age for work. Answer: 2 (The FLSA regulates
overtime, minimum wage, child labor, and equal pay.)
◉For more information, refer to Module 1, Lesson 4
Under the FLSA, an employee under the age of 20 can be paid the
opportunity wage for a maximum of:
1. 30 calendar days.
2. 60 calendar days.
3. 90 calendar days.
4. 120 calendar days. Answer: 3 (Under the FLSA, an employee under
the age of 20 can be paid the opportunity wage of $4.25 per hour for a
maximum of 90 calendar days.)
◉RATIONALE
For more information, refer to Module 1, Lesson 4
Under the FLSA, when a nonexempt employee receives a retroactive
pay increase, over what period of time, if any, will the new pay rate
impact the employee's overtime premium?
• The entire period of the retroactive increase
b. Only the current workweek
c. Only the current pay period
d. It does not have to be considered in the overtime premium . Answer: 1
(Under the FLSA, when a nonexempt employee receives a retroactive
,pay increase, the new pay rate impacts the employee's overtime
premium for the entire period of the retroactive increase.)
◉SSN stands for . Answer: Social Security Number
◉What does an I-9 Form stands for? Answer: The Employment
Eligibility Verification Form
◉What is the Employement Eligibility Verication Form code? Answer:
I-9
◉What does the Employment Verification Form do? Answer: This
proves that the employee can work in the United States.
◉What does the I-9 form do? Answer: This proves that the employee
can work in the United States.
◉What does a W-4 form stands for? Answer: The Employee's
Witholding Allowance Certificate
◉What is the code form for The Employee's Witholding Allowance
Certificate? Answer: W-4
, ◉What does the W-4 form do? Answer: It is used to calculate the
federal income taxeach emloyee owes each pay period. These taxes are
subtracted from each paycheck
◉What does the Employee's Withholding Allance Certificate do?
Answer: It is used to calculate the federal income taxeach emloyee owes
each pay period. These taxes are subtracted from each paycheck
◉Do all states have State taxes? Answer: NO
◉Employees who work in a state with a State Income Tax may have to
fill out another form ? Answer: Yes, another W-4 but for the State
Witholding Allowance Certificate.
◉Does depending where the employess work and live, they may be
asked to fill out form for local, county, or city income tax withholdong. .
Answer: Yes
◉The employee's SSN sets up an account for the employee with the
________? . Answer: SSA Social Security Administration
◉Each year the employer (The BOSS)reports wages that are recorded in
the account at SSA. . Answer: TRUE
