CHAPTER 1 - 5 PAYROLL ACCOUNTING
EXAM QUESTIONS AND ANSWERS 100%
CORRECT!!!
, Geographic dispersion Multiple departments Increased task variation. - ANSWER
Select All that Apply: Which of the following are payroll-related issues that large
companies may experience?
According to FMLA, during the time that an employee is on family leave: - ANSWER
The employer is responsible for alerting the employee to changes in processes and
benefits.
The Age Discrimination in Employment Act prohibits - ANSWER discrimination in
employment practices for workers who are age 35 and older
COBRA - ANSWER Which Act extended medical benefits for certain terminated
employees?
What is the effect of payroll-related legislation on payroll practice? - ANSWER
Legislation highlights the need for firms to create well-designed payroll systems
Payroll accounting systems may involve an integrated software package that contains -
ANSWER business-planning tools.
The Current Tax Payment Act changed employer remittance of taxes by: - ANSWER
Requiring employers to remit taxes at specific times during the year.
FLSA - ANSWER Which Act governs the minimum wage that must be paid to
nonexempt workers?
Integrating current tax tables. - ANSWER The largest challenge to companies that use
manual payroll processing is:
Employer Identification Number. - ANSWER Employers must request a(n)
______________ for the Internal Revenue Service to track a firm's payroll tax
obligations
Fair Labor Standards Act. - ANSWER The classification of workers as exempt and
nonexempt pertains to the provisions of the:
EXAM QUESTIONS AND ANSWERS 100%
CORRECT!!!
, Geographic dispersion Multiple departments Increased task variation. - ANSWER
Select All that Apply: Which of the following are payroll-related issues that large
companies may experience?
According to FMLA, during the time that an employee is on family leave: - ANSWER
The employer is responsible for alerting the employee to changes in processes and
benefits.
The Age Discrimination in Employment Act prohibits - ANSWER discrimination in
employment practices for workers who are age 35 and older
COBRA - ANSWER Which Act extended medical benefits for certain terminated
employees?
What is the effect of payroll-related legislation on payroll practice? - ANSWER
Legislation highlights the need for firms to create well-designed payroll systems
Payroll accounting systems may involve an integrated software package that contains -
ANSWER business-planning tools.
The Current Tax Payment Act changed employer remittance of taxes by: - ANSWER
Requiring employers to remit taxes at specific times during the year.
FLSA - ANSWER Which Act governs the minimum wage that must be paid to
nonexempt workers?
Integrating current tax tables. - ANSWER The largest challenge to companies that use
manual payroll processing is:
Employer Identification Number. - ANSWER Employers must request a(n)
______________ for the Internal Revenue Service to track a firm's payroll tax
obligations
Fair Labor Standards Act. - ANSWER The classification of workers as exempt and
nonexempt pertains to the provisions of the:
