Payroll Questions with Verified Correct
Answers
What is the difference between termination and resignation, as far as final pay is
concerned?
-Resignation and termination pay are subject to state regulations.
-Resignation pay must be paid on the next business day and termination pay is due
immediately.
-Resignation pay must be paid within one week and termination pay must be the next
business day.
-Resignation pay may be paid at the next regular pay date, but termination pay is
subject to state law.
Resignation pay may be paid at the next regular pay date, but termination pay is subject to
state law.
A payroll accountant is preparing the final pay for a commission-based salesperson who
has resigned from the firm. What will happen to the salesperson's commissions that
have been earned but not paid?
-The final pay must include all commissions earned, in accordance with any pay
agreement.
-The salesperson must receive resignation pay immediately and forfeits all unpaid
commissions.
-The employee must receive final non-commission pay immediately, but any commission
pay will be delayed.
-The salesperson's final pay is delayed to allow for computation of commissions.
The final pay must include all commissions earned, in accordance with any pay agreement.
, Well-designed internal controls prevent:
-legal compliance and file integrity.
-protection against embezzlement.
-audit trail support.
-opportunities for defalcation.
opportunities for defalcation.
According to the Fair Labor Standards Act, nonexempt workers receive overtime for:
-hours worked in excess of 8 per day and 30 per week.
-hours worked in excess of 9 per day or 35 per week.
-hours worked in excess of 40 per week.
-hours worked in excess of employer-determined rules.
hours worked in excess of 40 per week.
Leased employees may not have the following characteristic:
-a formal agreement between the employee and employer must exist.
-the recipient company must substantially direct their work activities.
-they must work full-time.
-they must work part-time.
they must work part-time.
Which of the following is a purpose of new hire reporting laws?
-To ensure consistent pay through an employee's career
-To maintain the company's business license
-To ensure payment of court-ordered obligations like garnishments and child support
-To keep track of workers throughout their careers
Answers
What is the difference between termination and resignation, as far as final pay is
concerned?
-Resignation and termination pay are subject to state regulations.
-Resignation pay must be paid on the next business day and termination pay is due
immediately.
-Resignation pay must be paid within one week and termination pay must be the next
business day.
-Resignation pay may be paid at the next regular pay date, but termination pay is
subject to state law.
Resignation pay may be paid at the next regular pay date, but termination pay is subject to
state law.
A payroll accountant is preparing the final pay for a commission-based salesperson who
has resigned from the firm. What will happen to the salesperson's commissions that
have been earned but not paid?
-The final pay must include all commissions earned, in accordance with any pay
agreement.
-The salesperson must receive resignation pay immediately and forfeits all unpaid
commissions.
-The employee must receive final non-commission pay immediately, but any commission
pay will be delayed.
-The salesperson's final pay is delayed to allow for computation of commissions.
The final pay must include all commissions earned, in accordance with any pay agreement.
, Well-designed internal controls prevent:
-legal compliance and file integrity.
-protection against embezzlement.
-audit trail support.
-opportunities for defalcation.
opportunities for defalcation.
According to the Fair Labor Standards Act, nonexempt workers receive overtime for:
-hours worked in excess of 8 per day and 30 per week.
-hours worked in excess of 9 per day or 35 per week.
-hours worked in excess of 40 per week.
-hours worked in excess of employer-determined rules.
hours worked in excess of 40 per week.
Leased employees may not have the following characteristic:
-a formal agreement between the employee and employer must exist.
-the recipient company must substantially direct their work activities.
-they must work full-time.
-they must work part-time.
they must work part-time.
Which of the following is a purpose of new hire reporting laws?
-To ensure consistent pay through an employee's career
-To maintain the company's business license
-To ensure payment of court-ordered obligations like garnishments and child support
-To keep track of workers throughout their careers
