Payroll Accounting - Ch. 1 - Processing a New Employer Exam Questions and Answers 100% Pass

Payroll Accounting - Ch. 1 - Processing a New Employer Exam Questions and Answers 100% Pass Period Ending Date - The last day the employee is being paid for in the current paycheck Pay Date - The date the check is written Give the most likely reason why there would be more allowances claimed for FEDERAL taxes, than STATE or LOCAL. - An employee can claim a federal allowance for him or herself. When did the Fair Labor Standards Act originally pass? - 1938 What did the Fair Labor Standards Act establish? - Federal minimum wage Name 2 things the Federal minimum wage mandates? - Overtime Pay and the restriction of child labor 5 Exceptions to Federal Minimum Wage - 1. Workers with disabilities 2. Full-time Students 2Katelyn Whitman, All Rights Reserved © 2025 3. Young Workers (under 20) 4. Tipped Employees 5. Student Learners (enrolled in vocational school) Workers with disabilities pay - May be paid a percentage of the current prevailing minimum wage rate for a comparable position and is based on the productivity level of the employee with the disability. Full-time Students may be paid what percentage of the current minimum wage rate? - 85% Full-time Student work hours while school is in session - 8 hours a day and 20 hours a week Full time students working for what specific types of employers would be considered an exception to Federal Minimum Wage? - Colleges & Universities Agriculture Retail or service stores Young Workers pay for the first 90 days, as long as they do not replace another employee - may be paid $4.25 When does the pay for Young Workers revert to Federal Minimum Wage? - 90 days or after the employee turns 20, whichever comes first 3Katelyn Whitman, All Rights Reserved © 2025 Tipped employee pay - May be paid $2.13, as long as tips + $2.13 equals or exceeds federal minimum wage A Tipped Employee must retain all their tips and regularly receive at least how much per month? - $30 (Tipped Employee) any deficit below federal minimum wage rate must be made up by who? - The Employer. Student Learners (enrolled in vocational school) may be paid what percentage of federal minimum wage, as long as they remain in the educational program while employed. - 75% Student Learners wage - $5.44 What must Employers do for Student learners enrolled in v