Test Bank for Payroll Accounting
Review 9th Edition by Jeanette Landin
The purpose of Payroll legislation is - ANSprotecting the rights of employees by legislating
workplace equity
FLSA - nonexempt workers receive overtime for - ANSHours worked in excess of 40 per week
FMLA- when a employee is on family leave - ANSemployer is responsible for alerting the
employee to changes in benefits
Most significant concern of website portals - ANSthe security of personnel data
Salaried Nonexempt employees - ANSare eligible for overtime
Extends benefits for terminated employees - ANSCOBRA
Employers request this number from the Internal Revenue Service to track payroll tax
obligations - ANSEmployer identification number
The AICPA code of ethics - ANSprotect assets of the company and remit money owed to the
government
FLSA contains provisions for - ANSovertime pay, minimum wage and working conditions
Payroll-related issues for large companies - ANSgeographic dispersion, multiple departments,
increased task variation
One guideline for AICPA code of ethics - ANSDue care
Current Tax Payment Act - ANStaxes remitted at specific times during the year
Outsourced payroll still requires employers to - ANShave accurate payrolls
Exempt and non exempt pertains to - ANSFair labor Standards Act
FICA's main purpose - ANSprovide benefits for workers unable to work because of age,
disability, or death
The 16th amendment - ANSFunded infrastructure improvements of booming cities
, Effect of payroll-related legislation on payroll practice - ANShighlights the need for well designed
payroll systems
Time collection devices - ANSpromote compensation accuracy that matches company needs
Largest challenge in using manual payroll processing - ANSintegrating current tax tables
Well-designed internal controls promote - ANSlegal compliance, file integrity, protection against
embezzlement and audit trail support
The retention period for payroll documents commences - ANSwhen the last pay is dispersed
and termination of the employee
Restricting access to payroll files is a part of - ANSfile security internal controls
Two focuses of a payroll procedure - ANScompany needs and governmental rules
Payroll review process increases complexity when - ANSthe company has many departments
and many employees
involves extensive overnight travel to visit wholesaler sites - ANSstatutory employee
W-4 from is to be completed - ANSAt the time of hire
Verification of hours worked and pay accuracy is part of - ANSPayroll Review Process
Pay period information on employee payroll file is for - ANStracking time worked for overtime
compensation purposes.
Termination VS resignation - ANSresignation paid next regular pay date & termination is subject
to state law
Entity that bears responsibility for gaining approval for a foreign worker visa so a foreign
employee may work legally in the united states - ANSEmployer
Incorrect calculation of a payroll can cause - ANSpenalties, erosion of cash due to over
payments, and legal proceedings
File maintenance is the responsibility of - ANSthe employer
Difference between the tipped employee minimum wage and the federal minimum wage -
ANSTip Credit
Review 9th Edition by Jeanette Landin
The purpose of Payroll legislation is - ANSprotecting the rights of employees by legislating
workplace equity
FLSA - nonexempt workers receive overtime for - ANSHours worked in excess of 40 per week
FMLA- when a employee is on family leave - ANSemployer is responsible for alerting the
employee to changes in benefits
Most significant concern of website portals - ANSthe security of personnel data
Salaried Nonexempt employees - ANSare eligible for overtime
Extends benefits for terminated employees - ANSCOBRA
Employers request this number from the Internal Revenue Service to track payroll tax
obligations - ANSEmployer identification number
The AICPA code of ethics - ANSprotect assets of the company and remit money owed to the
government
FLSA contains provisions for - ANSovertime pay, minimum wage and working conditions
Payroll-related issues for large companies - ANSgeographic dispersion, multiple departments,
increased task variation
One guideline for AICPA code of ethics - ANSDue care
Current Tax Payment Act - ANStaxes remitted at specific times during the year
Outsourced payroll still requires employers to - ANShave accurate payrolls
Exempt and non exempt pertains to - ANSFair labor Standards Act
FICA's main purpose - ANSprovide benefits for workers unable to work because of age,
disability, or death
The 16th amendment - ANSFunded infrastructure improvements of booming cities
, Effect of payroll-related legislation on payroll practice - ANShighlights the need for well designed
payroll systems
Time collection devices - ANSpromote compensation accuracy that matches company needs
Largest challenge in using manual payroll processing - ANSintegrating current tax tables
Well-designed internal controls promote - ANSlegal compliance, file integrity, protection against
embezzlement and audit trail support
The retention period for payroll documents commences - ANSwhen the last pay is dispersed
and termination of the employee
Restricting access to payroll files is a part of - ANSfile security internal controls
Two focuses of a payroll procedure - ANScompany needs and governmental rules
Payroll review process increases complexity when - ANSthe company has many departments
and many employees
involves extensive overnight travel to visit wholesaler sites - ANSstatutory employee
W-4 from is to be completed - ANSAt the time of hire
Verification of hours worked and pay accuracy is part of - ANSPayroll Review Process
Pay period information on employee payroll file is for - ANStracking time worked for overtime
compensation purposes.
Termination VS resignation - ANSresignation paid next regular pay date & termination is subject
to state law
Entity that bears responsibility for gaining approval for a foreign worker visa so a foreign
employee may work legally in the united states - ANSEmployer
Incorrect calculation of a payroll can cause - ANSpenalties, erosion of cash due to over
payments, and legal proceedings
File maintenance is the responsibility of - ANSthe employer
Difference between the tipped employee minimum wage and the federal minimum wage -
ANSTip Credit
