Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

Section 3 > Chap 1 Terms > Flashcards

Chap 1 Terms Flashcards

1
Q

ACA

A

Affordable Care Act of 2010. Mandated health care coverage for all Americans regardless of employment status.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

ADA

A

The Americans with Disabilities Act of 1990

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

ADAAA

A

The Americans with Disabilities Act Amendments Act of 2008, which extended the definition of disabilties

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

ADEA

A

The Age Discrimination in Employment Act of 1967 that protects workers over age 40 from age-based discrimination.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

ARRA

A

The American Recovery and Reinvestment Act of 2009

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

ATRA

A

American Taxpayer Relief Act of 2012

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Certified Payroll

A

a report mandated for certain federal government contracts that verified the accuracy of labor expenses incurred during completion of contact-related activities.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Circular E

A

see publication 15

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Civil Rights Act of 1964

A

Federal legislation that protects employees from discrimination based on race, color, religion, sex, or national origin.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Civil Rights Act of 1991

A

Federal law that instituted monetary penalties for companies found guilty of discrimination as described under the Civil Rights Act of 1964

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

COBRA

A

The Consolidated Omnibus Budget Reconciliation Act of 1985

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Consolidated Appropriations Act of 2018

A

Signed into law on March 2018, this act increased the funding for the E-Verify program, which is an internet-based system that offers employers instant verification of an employee’s eligibility to work in the US. It is important to note that the E-Verify system does not replace the need for the completion of Form I-9 upon employee hire because it is a voluntary service.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

Copeland Anti-Kickback Act

A

Federal legation enacted in 1934 that prohibits a federal contractor or subcontractor from including an employee to forgo a portion of the wager guaranteed by the contract.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

Current Tax Payment Act of 1943

A

Federal law enacted in 1943 that required employers to submit a timely remittance to the government of any taxes withheld from the employee pay.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

Davis-Bacon Act of 1931

A

Federal legislation enacted in 1931 that requires federal contractors to pay employees an amount commensurate with the prevailing local wage.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

DOMA

A

The Defense of Marriage Act of 1996, which was replaced in 2013.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

Due Care

A

the caution that a reasonable person would exercise to avoid being charged with negligence.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

EEOC

A

the Equal Employment Opportunity Commission

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q

Equal Pay Act of 1963

A

Federal legislation mandating that males and females receive equal compensation for comparable work.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
20
Q

ERISA

A

The Employee Retirement Income Security Act of 1974

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
21
Q

Ethics

A

an individual’s definition of right and wrong.

22
Q

FICA

A

The Federal Insurance Contributions Act of 1935

23
Q

FLSA

A

Fair Labor Standard Act of 1938; this act regulates minimum wage. Guidelines define maximum hours, minimum age, pay rates; and mandatory break times.

24
Q

FMLA

A

Family and Medical Leave Act

25
Q

FUTA

A

Federal Unemployment Tax Act 1939

26
Q

HIPAA

A

Health Insurance Portability and Accountability Act of 1996

27
Q

Independence

A

The ability of an accountant to act professionally without external pressures that would cause a third party to question the integrity of actions and decisions

28
Q

Independent Contractor

A

an individual who contracts to do work for a firm using his or her own tools and processes without being subject to direction by a firm’s management

29
Q

Integrity

A

Possessing honesty and high moral principles

30
Q

IRCA

A

Immigration Reform and Control Act of 1986

31
Q

Lily Ledbetter Fair Pay Act of 2009

A

Federal law that removed the 180-day statute of limitations in allegations of unfair pay practices.

32
Q

Medicare

A

a payroll tax mandated to be paid by all employees of a firm to fund the Medicare program.

33
Q

OASDI

A

Old-Age, Survivors, and Disability Insurance; synonymous with Social Security

34
Q

Objectivity

A

making decisions that are free from bias or subjectivity

35
Q

OSHA

A

Occupational Safety and Health Act of 1970

36
Q

Personal Responsibility, Work and Family Promotion Act of 2002

A

Act that reauthorized PRWOR when it expired

37
Q

Privacy Act of 1974

A

protecting employees by removing personal identifiers from payroll records and restricting access to personnel records

38
Q

Protecting Americans from Tax Hikes Act

A

PATH; an act to prevent tax fraud that extended the Work Opportunity Tax Credit

39
Q

Professional Competence

A

the continuing capability to perform professional duties with an agreed-upon standard of quality.

40
Q

Professionalism

A

a process reflecting the transparency and public accountability of accounting records

41
Q

PRWOR

A

Personal Responsibility and Work Opportunity Reconciliation Act of 1996

42
Q

Publication 15

A

Employer’s Tax Guide published by the IRS

43
Q

SECURE

A

an act that incentivized small employers to offer retirement plans, other alone or collectively with other small employers, to improve retirement security for US workers.

44
Q

Sixteenth Amendment to the US Constitution

A

allowing the US government to levy and collect income taxes on individuals

45
Q

SSA

A

Social Security Act; an act that was passed to promote social welfare for old-age workers and surviving families of worker who had been disabled or deceased in the course of their employment

46
Q

SOX

A

the Sarbanes-Oxley Act of 2002. Public law 107-204, concerning publicly owned companies and auditing firms to ensure appropriate internal controls and the integrity of financial statements.

47
Q

SUTA

A

State Unemployment Tax Act of 1939

48
Q

Tax Cuts and Jobs Act

A

an act to provide a budget resolution that represented changes to individual and business tax rates.

49
Q

USERRA

A

Uniformed Services Employment and Reemployment Rights Act of 1994

50
Q

VPN

A

Virtual Private Network

51
Q

Walsh-Healey Public Contracts Act

A

legislation enacted in 1936 that required employers working on federal contacts in excess of $10k to pay employees the federal minimum wage and follow the overtime provisions of the Fair Labor Standards Act.

52
Q

Workers’ Compensation

A

mandatory insurance policy paid by employers that provides wage replacement and medical benefits to employees who are injured in the course of the employment.

Section 3 (30 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions