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Examen

Solutions For Payroll Accounting 2024, 10th Edition Landin (CHAPTERS 1-7)

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Solutions For Payroll Accounting 2024, 10th Edition Landin (CHAPTERS 1-7)

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Solutions For Payroll Accounting 2024, 10th Edition Landin (CHAPTERS 1-
7)
Circular E - (answer)Also known as Publication 15. An employer's tax guide written by the IRS. Includes
due dates for payroll forms, tables to calculate tax withholding, a summary of regulations, and IRS
contact information.



Form SS-4 - (answer)Used to obtain an Employer Identification Number (EIN)



Form SS-5 - (answer)Used to obtain a Social Security number



Personal Responsibility and Work Opportunity Act of 1996 - (answer)Enables better enforcement of
child-support laws. Employers can satisfy the provisions of this act by submitting the newly hired
employee's W-4 Form to the state.



Form W-4 - (answer)Indicates the number of tax allowances being claimed. This provides the employer
with information necessary to calculate both federal income tax withholding and applicable state income
tax withholding.



Immigration Reform and Control Act of 1986 - (answer)Intended to reduce illegal employment of foreign
workers in the U.S.



Form I-9 - (answer)Completed by the employee; acceptable documents are verified by the employer This
document verifies that the employee is permitted to work in the United States.



E-verify - (answer)Compares information from employee with that possessed by various government
agencies such as the Social Security Administration and the United States Department of Homeland
Security.



Employee Earnings Record - (answer)Contains key employee and payroll information.

Summarizes annual payroll figures.

Facilitates completion of payroll tax forms.

,People employed by large businesses with revenues greater than $500,000, governmental agencies
(local, state, or federal), hospitals, schools, and domestic workers and employees working for interstate
commerce businesses must do what? - (answer)pay the minimum wage



Which groups of people are exceptions to the federal minimum wage requirement? - (answer)Workers
with disabilities, full-time students, young workers, tipped employees, student learners.



What are the pay restrictions for a full-time student when working for specific employers (colleges and
universities, agriculture, and retail or service stores)? - (answer)May be paid 85% of the current
minimum wage rate, and are limited to a maximum of 8 hours/day, 20/hours/week while school is in
session.



What are the pay restrictions for a young worker (under 20 years old)? - (answer)May be paid
$4.25/hour for the first 90 days of employment, as long as they do not replace another employee. The
pay then reverts to the federal minimum after 90 days or after the employee turns 20, whichever occurs
first.



What are the pay restrictions for a tipped employee? - (answer)May be paid $2.13/hour, as long as their
tips, when added to this amount, equal or exceed the federal minimum wage. They must receive at least
$30 in tips per month. Any deficit will be made up by the employer.



What are the pay restrictions for a student learner enrolled in a vocational school? - (answer)May be
paid 75% of the federal minimum wage, as long as they remain in the educational program while
employed. Employers must obtain an authorizing certificate from the U.S. Department of Labor to pay
these reduced wages.



What are the pay restrictions for a person with a disability? - (answer)May be paid a percentage of the
current prevailing wage rate for a comparable position and is based on the productivity level of the
employee with the disability.



Who is exempt from overtime wages? - (answer)executive, administrative, and professional workers.



Which age group may only perform specific activities, such as newspaper delivery and working for their
parents' sole proprietorships?

- Under 14 years of age

, - Ages 14 and 15

- Ages 16 and 17 - (answer)Under 14 years of age



Which age group may work a variety of jobs outside of manufacturing and mining, but are subject to
extensive hour limitations?

- Under 14 years of age

- Ages 14 and 15

- Ages 16 and 17 - (answer)Ages 14 and 15



Which age group may work an unlimited number of hours?

- Under 14 years of age

- Ages 14 and 15

- Ages 16 and 17 - (answer)Ages 16 and 17



No child under which age may not work in any job classified as hazardous? - (answer)17



How are the premiums for workers' compensation insurance based? - (answer)on the relative risk
associated with different job types



How can employers satisfy the requirement for workers' compensation? - (answer)By purchasing it from
a state-operated fund or private insurance carrier, or by becoming authorized by the state to be self-
insured.



Payroll Service - (answer)Calculates employee net pay, generates paychecks, completes and files
monthly, quarterly, and annual payroll tax forms. Benefits of use include avoiding potential penalties
with mishandling payroll and reducing the amount of time spent on payroll tasks.



A workweek can differ from a ____ week. - (answer)Calendar



The workweek must be ___ from one week to another. It may only be altered if the change is intended
to be permanent and is not made in order to circumvent overtime requirements. - (answer)consistent

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Subido en
13 de noviembre de 2024
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2024/2025
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