Payroll Acct Ch 1 Study Guide

entry-level payroll clerk Correct Answer-an entry-level payroll clerk collects, reviews, approves, and records time records. The clerk also updates attendance records, including vacation, sick, and personal days. Once a payroll is processed, the clerk reviews the information to ensure the accuracy of each employee's pay statement American Payroll Association (APA) Correct Answer-American Payroll Association (APA). Membership in the association is open to anyone interested in or engaged in the support of payroll accounting. The APA offers professional training seminars and various publications to its members. Each year, the APA administers examinations for the payroll accountant and awards certificates to those who pass the exams. Fundamental Payroll Certification (to demonstrate a baseline of payroll competency) and Payroll Professional Certification (for the experienced professional to demonstrate the full-range of payroll competency). This testing and certification process has helped the payroll profession to gain recognition in the business community. The APA has also established guidelines for the conduct of the payroll professional. This "Code of Ethics," Payroll Guide Correct Answer-One of a number of publications designed to provide current information to the practitioner is published by the Research Institute of America, Inc. This biweekly publication is entitled Payroll Guide, and it is a comprehensive review of changes in regulations affecting payroll reporting Fair Labor Standards Act (FLSA) Correct Answer-referred to as the Federal Wage and Hour Law the outline of the law deals with: Minimum wage ($7.25 per hour) and overtime pay requirements. In addition, equal pay for equal work, employment of child labor, public service contracts, and wage garnishment. Coverage of employers engaged in