Exam 1 Payroll And Tax Accounting Exam Test with Answers Graded A+
CH1 ASSIGNMENT
Lupore Fabrics obtained a contract in Watts Mills, South Davis-Bacon ActCorrect
Carolina, that involves the production of materials for Walsh-Healey ActCorrect
military uniforms, a project contracted with the federal FLSA-Fair Labor Standards Act
government for $2,800,000. What laws govern the wages
Lupore Fabrics pays to its workers for this project? (
Martine Piccirillo works as the payroll clerk for Centinix, a
security company that hires many part-time and tempo- FLSA
rary workers who are paid hourly. What law governs the IRCA
hiring or documenting of these workers?
Choose the correct definition for Consolidated Appropri-
Provided funding for the E-Verify program.
ations Act.
Examples of companies used for outsourcing payroll pro-
Choose the correct definition for ADP and Paychex®.
cessing.
Governs accounting for firms with federal government
Choose the correct definition for Davis-Bacon Act.
contracts in excess of $2,000.
MANUAL PAYROLL Payroll administration using a paper payroll register.
A person or group who examines a company's accounting
AUDITOR
records for accuracy.
A record of the time worked during a period for an indi-
TIMECARD
vidual employee.
Jackson Wyman was dismissed from his employment at
Precision Dynamics because of an incident regarding his
race. Mr. Wyman sued Precision Dynamics for $150,000
CIVIL RIGHT ACT OF 1991
because of the discrimination. Which of the following
laws provides for monetary awards during discrimination
lawsuits?
1/7
, Exam 1 Payroll And Tax Accounting Exam Test with Answers Graded A+
Ovenet Incorporated is a qualified private-sector company
that provides health insurance to its employees. The com-
pany is self-insured. Which of the following forms should 1095-B
the company provide its employees to comply with the
Attordable Care Act?
The use of an external company to track time and benefits
OUTSOURCED PAYROLL
and pay employees.
The process of gathering information about hours worked
TIME COLLECTION
for one or more employees.
Kevin Magnus is a payroll accountant for Mama Bear Trad-
ing Company. A coworker from the packaging department -The Privacy Act of 1974 would protect the individual's
contacts Kevin via electronic communication and requests information from being disclosed.
to see all employees' payroll records for a specific payroll -Email request should be subject to additional scrutiny.
date. What are options available for Kevin?
-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.
Kalea Germain is a warehouse worker for a small grocery
-In this type of situation, there would be an OSHA inspec-
market. As she was moving some merchandise, the load-
tion to ensure that the working environment was not the
ing dock door unexpectedly fell and injured her. How does
cause of the injury.
OSHA apply to Kalea for this type of injury?
-Another legal provision is that she may be protected
under FMLA; she may have to take unpaid leave if she does
not have leave available, but her employment and medical
benefits would be guaranteed.
Libbi Alberighi and Flavia van Peij are friends who work for -Exercising personal integrity to avoid any apparent con-
the same company. Libbi manages a manufacturing de- flicts of interest would also be appropriate for these indi-
partment, and Flavia supervises the payroll clerks. Which viduals.
ethical guidelines or rules would these friends need to -Non-disclosure of confidential information they have over
remember when discussing work? the employees in their areas of responsibility.
2/7
CH1 ASSIGNMENT
Lupore Fabrics obtained a contract in Watts Mills, South Davis-Bacon ActCorrect
Carolina, that involves the production of materials for Walsh-Healey ActCorrect
military uniforms, a project contracted with the federal FLSA-Fair Labor Standards Act
government for $2,800,000. What laws govern the wages
Lupore Fabrics pays to its workers for this project? (
Martine Piccirillo works as the payroll clerk for Centinix, a
security company that hires many part-time and tempo- FLSA
rary workers who are paid hourly. What law governs the IRCA
hiring or documenting of these workers?
Choose the correct definition for Consolidated Appropri-
Provided funding for the E-Verify program.
ations Act.
Examples of companies used for outsourcing payroll pro-
Choose the correct definition for ADP and Paychex®.
cessing.
Governs accounting for firms with federal government
Choose the correct definition for Davis-Bacon Act.
contracts in excess of $2,000.
MANUAL PAYROLL Payroll administration using a paper payroll register.
A person or group who examines a company's accounting
AUDITOR
records for accuracy.
A record of the time worked during a period for an indi-
TIMECARD
vidual employee.
Jackson Wyman was dismissed from his employment at
Precision Dynamics because of an incident regarding his
race. Mr. Wyman sued Precision Dynamics for $150,000
CIVIL RIGHT ACT OF 1991
because of the discrimination. Which of the following
laws provides for monetary awards during discrimination
lawsuits?
1/7
, Exam 1 Payroll And Tax Accounting Exam Test with Answers Graded A+
Ovenet Incorporated is a qualified private-sector company
that provides health insurance to its employees. The com-
pany is self-insured. Which of the following forms should 1095-B
the company provide its employees to comply with the
Attordable Care Act?
The use of an external company to track time and benefits
OUTSOURCED PAYROLL
and pay employees.
The process of gathering information about hours worked
TIME COLLECTION
for one or more employees.
Kevin Magnus is a payroll accountant for Mama Bear Trad-
ing Company. A coworker from the packaging department -The Privacy Act of 1974 would protect the individual's
contacts Kevin via electronic communication and requests information from being disclosed.
to see all employees' payroll records for a specific payroll -Email request should be subject to additional scrutiny.
date. What are options available for Kevin?
-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.
Kalea Germain is a warehouse worker for a small grocery
-In this type of situation, there would be an OSHA inspec-
market. As she was moving some merchandise, the load-
tion to ensure that the working environment was not the
ing dock door unexpectedly fell and injured her. How does
cause of the injury.
OSHA apply to Kalea for this type of injury?
-Another legal provision is that she may be protected
under FMLA; she may have to take unpaid leave if she does
not have leave available, but her employment and medical
benefits would be guaranteed.
Libbi Alberighi and Flavia van Peij are friends who work for -Exercising personal integrity to avoid any apparent con-
the same company. Libbi manages a manufacturing de- flicts of interest would also be appropriate for these indi-
partment, and Flavia supervises the payroll clerks. Which viduals.
ethical guidelines or rules would these friends need to -Non-disclosure of confidential information they have over
remember when discussing work? the employees in their areas of responsibility.
2/7
