_658db1d188662_payroll_accounting__jeanette_landin_5th_edition__ (1) (1)

,Payroll Accounting 2019, 5e (Landin)
iv iv iv iv


Chapter 1 Payroll Practices and System Fundamentals
iv iv iv iv iv




1) Internal payroll reports are used to inform a firm's managers and decision-makers about labor
iv iv iv iv iv iv iv iv iv iv iv iv iv


costs.
iv




Answer: TRUE i v


Difficulty:1Easy
iv


Topic: Identify Legislation That Pertains to Payroll and Business iv iv iv iv iv iv iv


Learning Objective: 01-01 Identify Legislation That Pertains to Payroll and Business
iv i v iv iv iv iv iv iv iv iv


Bloom's: Understand
iv i v


AACSB: Communication i v


Accessibility: Keyboard
iv i v


Navigation
iv




2) The Lilly Ledbetter Act of 2009 was the first act that mandated equal pay for men and
iv iv iv iv iv iv iv iv iv iv iv iv iv iv iv iv


women who perform identical tasks.
iv iv iv iv iv




Answer: FALSE
Explanation: The Equal Pay Act of 1963 was the first legislation that addressed pay equity.
i v iv iv iv iv iv iv iv iv iv iv iv iv iv


Difficulty: 1 Easy
iv iv iv


Topic: Identify Legislation That Pertains to Payroll and Business iv iv iv iv iv iv iv


Learning Objective: 01-01 Identify Legislation That Pertains to Payroll and Business
iv i v iv iv iv iv iv iv iv iv


Bloom's: Remember
iv i v


AACSB: Reflective i v


Thinking Accessibility:
iv iv


i Keyboard Navigation
v iv




3) The Age Discrimination in Employment Act (ADEA) prohibits discrimination in employment
iv iv iv iv iv iv iv iv iv iv


practices for workers who are older than age 50.
iv iv iv iv iv iv iv iv iv




Answer: FALSE
Explanation: ADEA protects workers who are older than age 40.
i v iv iv iv iv iv iv iv iv


Difficulty: 1 Easy
iv iv iv


Topic: Identify Legislation That Pertains to Payroll and Business iv iv iv iv iv iv iv


Learning Objective: 01-01 Identify Legislation That Pertains to Payroll and Business
iv i v iv iv iv iv iv iv iv iv


Bloom's: Remember
iv i v


AACSB: Diversity
Accessibility: Keyboard Navigation iv




4) Payroll-related legislation often reflects emerging issues in societal evolution.
iv iv iv iv iv iv iv iv




Answer: TRUE i v


Difficulty:2 Medium
iv iv



Topic: Identify Legislation That Pertains to Payroll and Business iv iv iv iv iv iv iv


Learning Objective: 01-01 Identify Legislation That Pertains to Payroll and Business
iv i v iv iv iv iv iv iv iv iv


Bloom's: Analyze
iv i v


1
Copyright © 2019 McGraw-Hill Education. All rights reserved. iv iv iv iv iv iv iv

No reproduction or distribution without the prior written consent of McGraw-Hill
iv iv iv iv iv iv iv iv iv iv

Education. iv

,AACSB: Reflective
i v


Thinking Accessibility:
iv iv


iKeyboard Navigation
v iv




2
Copyright © 2019 McGraw-Hill Education. All rights reserved.
iv iv iv iv iv iv iv

No reproduction or distribution without the prior written consent of McGraw-Hill
iv iv iv iv iv iv iv iv iv iv

Education.
iv

, 5) The Worker's Compensation Act of 1935 legislated the payment of worker's compensation
iv iv iv iv iv iv iv iv iv iv iv


insurance.
iv




Answer: FALSE
Explanation: No federal legislation exists regarding the payment of worker's compensation
i v iv iv iv iv iv iv iv iv iv


insurance.
iv


Difficulty: 1 Easy iv iv


Topic: Discuss the Legal Framework Specific to Payroll Accounting
iv iv iv iv iv iv iv


Learning Objective: 01-02 Discuss the Legal Framework Specific to Payroll
iv i v iv iv iv iv iv iv iv


Accounting Bloom's: Understand
iv iv i v


AACSB: Communication i v


Accessibility: Keyboard
iv i v


Navigation
iv




6) The ethical principle of due care pertains to the upholding of rights and justice of
iv iv iv iv iv iv iv iv iv iv iv iv iv iv


stakeholders.
iv




Answer: FALSE
Explanation: The principle of due care pertains to the accountant's professional competence.
i v iv iv iv iv iv iv iv iv iv iv


Difficulty: 2 Medium
iv iv iv


Topic: Discuss the Ethical Guidelines for Payroll Accounting iv iv iv iv iv iv


Learning Objective: 01-03 Discuss the Ethical Guidelines for Payroll Accounting
iv i v iv iv iv iv iv iv iv


Bloom's: Apply
iv i v


AACSB: Ethics
Accessibility: Keyboard Navigation iv




7) Payroll accounting systems may involve an integrated software package that contains
iv iv iv iv iv iv iv iv iv iv


business-planning tools.
iv iv




Answer: TRUE i v


Difficulty:1Easy
iv


Topic: Identify Contemporary Payroll Practices iv iv iv


Learning Objective: 01-04 Identify Contemporary Payroll Practices
iv i v iv iv iv iv


Bloom's: Understand
iv i v


AACSB: Technology i v


Accessibility: Keyboard
iv i v


Navigation

8) The IRS uses EINs to track employers for tax purposes.
iv iv iv iv iv iv iv iv iv




Answer: TRUE i v


Difficulty:1Easy
iv


Topic: Identify Contemporary Payroll Practices iv iv iv


Learning Objective: 01-04 Identify Contemporary Payroll Practices
iv i v iv iv iv iv


Bloom's: Remember
iv i v


AACSB: Communication iv iv


3
Copyright © 2019 McGraw-Hill Education. All rights reserved. iv iv iv iv iv iv iv

No reproduction or distribution without the prior written consent of McGraw-Hill
iv iv iv iv iv iv iv iv iv iv

Education. iv