Chap 1 Exercises Set A Flashcards
Lupore Fabrics obtained a contract in Watts Mills, South Carolina that involves the production of materials for military uniforms, a project contracted with the federal government for $2,800,000. What laws govern the wages Lupore Fabrics pays to its workers for this project?
Which apply?
- Davis–Bacon Act
- Sarbanes–Oxley Act
- Walsh–Healey Act
- FLSA
- Davis–Bacon Act
- Walsh–Healey Act
- FLSA
Martine Piccirillo works as the payroll clerk for Centinix, a security company that hires many part-time and temporary workers who are paid on an hourly basis. What law governs the hiring or documenting of these workers?
Which apply?
- USERRA
- FLSA
- ADEA
- IRCA
- FLSA
- ADEA
- IRCA
Benson Rake is a member of the hiring board for Quambo Dynamics, a software firm. As the board reviews candidates for a position, one of the other board members wants to exclude Nicholas Mathers, a man in his 50s, because his age might mean that he would be retiring within the next 10 years. What law protects Nicholas against this practice?
Multiple Choice
- FLSA
- ADEA
- ADA
- Civil Rights Act of 1991
ADEA
Ovenet Incorporated is a qualified private-sector company that provides health insurance to its employees. The company is self-insured. Which of the following forms should the company provide its employees to comply with the Affordable Care Act?
Multiple Choice
- 1095-A
- 1095-B
- 1095-C
1095-B
Julia Chaudhari is the new payroll accountant for Insulose Chemicals. She is a member of a local young professionals networking organization. At a social gathering of the organization, her brother-in-law, Osher Nicastro, approached her about reviewing the company’s payroll records to help her make sure they were correct. What ethical guidelines should Julia consider before agreeing to meet?
Which apply?
- Integrity
- Objectivity and Independence
- Confidentiality
- Professional competence and due care
- Integrity
- Objectivity and Independence
- ## Confidentiality
Merlin Anson owns Uninix Computers, a company with five employees. As a small business owner, he has several options for payroll processing. What factors should he consider when deciding on which payroll processing option is best for Uninix Computers?
Which apply?
- The computer technology used by the business.
- The physical size of the office facility.
- The amount of money he has to spend on payroll processing.
- The number of independent contractors.
- The computer technology used by the business.
- The amount of money he has to spend on payroll processing.
Choose the correct definition for manual payroll:
Multiple Choice
- A record of the time worked during a period for an individual employee.
- A way for governmental agencies to track the payroll associated with a government contract.
- Payroll administration using a paper payroll register.
- Governs accounting for firms with federal government contracts in excess of $2,000.
- A web-based application wherein employees can modify certain payroll-related information.
- Payroll administration using a paper payroll register.
Choose the correct definition for timecard:
Multiple Choice
- A record of the time worked during a period for an individual employee.
- Governs accounting for firms with federal government contracts in excess of $2,000.
- Payroll administration using a paper payroll register.
- A person or group who examines a company’s accounting records for accuracy.
- The use of an external company to track time and benefits and pay employees.
A record of the time worked during a period for an individual employee.
Choose the correct definition for paycard:
Multiple Choice
- A web-based application wherein employees can modify certain payroll-related information.
- A record of the time worked during a period for an individual employee.
- A preloaded credit card used to pay employees.
- Governs accounting for firms with federal government contracts in excess of $2,000.
- The process of gathering information about hours worked for one or more employees.
A preloaded credit card used to pay employees.
Choose the correct definition for employee internet portal:
Multiple Choice
- Examples of companies used for outsourcing payroll processing.
- A record of the time worked during a period for an individual employee.
- Governs accounting for firms with federal government contracts in excess of $2,000.
- A web-based application wherein employees can modify certain payroll-related information.
- A way for governmental agencies to track the payroll associated with a government contract.
A web-based application wherein employees can modify certain payroll-related information.
Choose the correct definition for certified payroll:
Multiple Choice
- A way for governmental agencies to track the payroll associated with a government contract.
- Examples of companies used for outsourcing payroll processing.
- A web-based application wherein employees can modify certain payroll-related information.
- Governs accounting for firms with federal government contracts in excess of $2,000.
- A record of the time worked during a period for an individual employee.
A way for governmental agencies to track the payroll associated with a government contract.
Choose the correct definition for outsourced payroll:
Multiple Choice
- The use of an external company to track time and benefits and pay employees.
- Examples of companies used for outsourcing payroll processing.
- Governs accounting for firms with federal government contracts in excess of $2,000.
- A record of the time worked during a period for an individual employee.
- A way for governmental agencies to track the payroll associated with a government contract.
The use of an external company to track time and benefits and pay employees.
Choose the correct definition for auditor:
Multiple Choice
- A person or group who examines a company’s accounting records for accuracy.
- Examples of companies used for outsourcing payroll processing.
- The use of an external company to track time and benefits and pay employees.
- Payroll administration using a paper payroll register.
- A way for governmental agencies to track the payroll associated with a government contract.
A person or group who examines a company’s accounting records for accuracy.
Choose the correct definition for ADP and Paychex®:
Multiple Choice
- Examples of companies used for outsourcing payroll processing.
- The process of gathering information about hours worked for one or more employees.
- Governs accounting for firms with federal government contracts in excess of $2,000.
- A preloaded credit card used to pay employees.
- A web-based application wherein employees can modify certain payroll-related information.
Examples of companies used for outsourcing payroll processing.
Choose the correct definition for time collection:
Multiple Choice
- A web-based application wherein employees can modify certain payroll-related information.
- The process of gathering information about hours worked for one or more employees.
- A record of the time worked during a period for an individual employee.
- A preloaded credit card used to pay employees.
- Governs accounting for firms with federal government contracts in excess of $2,000.
The process of gathering information about hours worked for one or more employees.
