,Chapter 1
True / False
1. The Fair Labor Standards Act is commonly known as the Federal Wage and Hour Law.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: PAYR.BIEG.14.1 - LO: 1
ACCREDITING STANDARDS: AICPA: v1-11 - FN-Reporting
Blooms Taxonomy-5 - Remembering
Business Program-3 - Analytic
DATE CREATED: 6/6/2017 10:33 AM
DATE MODIFIED: 6/6/2017 10:33 AM
2. The FLSA imposes no recordkeeping requirements on employers.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: PAYR.BIEG.14.2 - LO: 1
ACCREDITING STANDARDS: AICPA: v1-11 - FN-Reporting
Blooms Taxonomy-5 - Remembering
Business Program-3 - Analytic
DATE CREATED: 6/6/2017 10:33 AM
DATE MODIFIED: 6/6/2017 10:33 AM
Copyright Cengage Learning. Powered by Cognero. Page 1
,Chapter 1
3. The employer is required by the FLSA to display a poster that informs employees of the provisions of the law.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: PAYR.BIEG.14.3 - LO: 1
ACCREDITING STANDARDS: AICPA: v1-11 - FN-Reporting
Blooms Taxonomy-5 - Remembering
Business Program-3 - Analytic
DATE CREATED: 6/6/2017 10:33 AM
DATE MODIFIED: 6/6/2017 10:33 AM
4. All states have set their minimum wage to be the same as the federal government.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: PAYR.BIEG.14.4 - LO: 1
ACCREDITING STANDARDS: AICPA: v1-11 - FN-Reporting
Blooms Taxonomy-5 - Remembering
Business Program-3 - Analytic
DATE CREATED: 6/6/2017 10:33 AM
DATE MODIFIED: 6/6/2017 10:33 AM
Copyright Cengage Learning. Powered by Cognero. Page 2
, Chapter 1
5. Under the Federal Insurance Contributions Act, the Medicare portion of the tax is only paid by the employer.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: PAYR.BIEG.14.5 - LO: 1
ACCREDITING STANDARDS: AICPA: v1-11 - FN-Reporting
Blooms Taxonomy-5 - Remembering
Business Program-3 - Analytic
DATE CREATED: 6/6/2017 10:33 AM
DATE MODIFIED: 6/6/2017 10:33 AM
6. The FLSA provides health insurance for the aged and disabled (Medicare).
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: PAYR.BIEG.14.6 - LO: 1
ACCREDITING STANDARDS: AICPA: v1-11 - FN-Reporting
Blooms Taxonomy-5 - Remembering
Business Program-3 - Analytic
DATE CREATED: 6/6/2017 10:33 AM
DATE MODIFIED: 6/6/2017 10:33 AM
Copyright Cengage Learning. Powered by Cognero. Page 3
True / False
1. The Fair Labor Standards Act is commonly known as the Federal Wage and Hour Law.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: PAYR.BIEG.14.1 - LO: 1
ACCREDITING STANDARDS: AICPA: v1-11 - FN-Reporting
Blooms Taxonomy-5 - Remembering
Business Program-3 - Analytic
DATE CREATED: 6/6/2017 10:33 AM
DATE MODIFIED: 6/6/2017 10:33 AM
2. The FLSA imposes no recordkeeping requirements on employers.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: PAYR.BIEG.14.2 - LO: 1
ACCREDITING STANDARDS: AICPA: v1-11 - FN-Reporting
Blooms Taxonomy-5 - Remembering
Business Program-3 - Analytic
DATE CREATED: 6/6/2017 10:33 AM
DATE MODIFIED: 6/6/2017 10:33 AM
Copyright Cengage Learning. Powered by Cognero. Page 1
,Chapter 1
3. The employer is required by the FLSA to display a poster that informs employees of the provisions of the law.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: PAYR.BIEG.14.3 - LO: 1
ACCREDITING STANDARDS: AICPA: v1-11 - FN-Reporting
Blooms Taxonomy-5 - Remembering
Business Program-3 - Analytic
DATE CREATED: 6/6/2017 10:33 AM
DATE MODIFIED: 6/6/2017 10:33 AM
4. All states have set their minimum wage to be the same as the federal government.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: PAYR.BIEG.14.4 - LO: 1
ACCREDITING STANDARDS: AICPA: v1-11 - FN-Reporting
Blooms Taxonomy-5 - Remembering
Business Program-3 - Analytic
DATE CREATED: 6/6/2017 10:33 AM
DATE MODIFIED: 6/6/2017 10:33 AM
Copyright Cengage Learning. Powered by Cognero. Page 2
, Chapter 1
5. Under the Federal Insurance Contributions Act, the Medicare portion of the tax is only paid by the employer.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: PAYR.BIEG.14.5 - LO: 1
ACCREDITING STANDARDS: AICPA: v1-11 - FN-Reporting
Blooms Taxonomy-5 - Remembering
Business Program-3 - Analytic
DATE CREATED: 6/6/2017 10:33 AM
DATE MODIFIED: 6/6/2017 10:33 AM
6. The FLSA provides health insurance for the aged and disabled (Medicare).
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: PAYR.BIEG.14.6 - LO: 1
ACCREDITING STANDARDS: AICPA: v1-11 - FN-Reporting
Blooms Taxonomy-5 - Remembering
Business Program-3 - Analytic
DATE CREATED: 6/6/2017 10:33 AM
DATE MODIFIED: 6/6/2017 10:33 AM
Copyright Cengage Learning. Powered by Cognero. Page 3
