Payroll Accounting Final

Question 1

In cases where both federal and state regulations cover the minimum wage for the same employee, the higher of the two rate is always used as then standard minimum wage.

Answer 1

True

Question 2

The Fair Labor Standards Act is commonly known as the federal wage and Hour Law

Answer 2

True

Question 3

The Fair Labor Standards Act sets the current minimum wage at $9.50 per hour

Answer 3

False

Question 4

The Fair Labor Standards Act requires all employees to be paid weekly or biweekly

Answer 4

False

Question 5

The Fair Labor Standards Act requires all employer to display a poster informing employees of the provisions of the law

Answer 5

True

Question 6

Allstates have set their minimum wage to be the same as the federal government

Answer 6

False

Question 7

Under the Federal Insurance Contributions Act, the Medicare portion of the tax is only paid by the employer

Answer 7

False

Question 8

The Federal Insurance Contributions Act covers restrictions on the employment of child labor

Answer 8

False

Question 9

The tax paid to the federal government for unemployment taxes is used for paying state and federal administrative expenses for the unemployment program.

Answer 9

True

Question 10

Every state imposes a state unemployment tax on employers in their state

Answer 10

True

Question 11

Form I-9 employment eligibility verification, is completed by employees who were born outside of the US

Answer 11

False

Question 12

The deadline for an employee to complete and sign form I-9 is one year from the date of hire

Answer 12

False

Question 13

Under the Civil Rights Act of 1964, the U.S. Government is classified as an exempt employer

Answer 13

True

Question 14

The civil rights act of 1964 protects all employees from arbitrary dismissal

Answer 14

False

Question 15

Under the FLMA, the time off must be used in one uninterrupted period of time.

Answer 15

False

Question 16

Under FMLA, an employer may substitute an employee’s earned paid leave for any part of the 12-week family leave

Answer 16

True

Question 17

Under FMLA, employees use be paid during the time period being taken off

Answer 17

False

Question 18

Workers’ compensation insurance premiums are paid for by the employees.

Answer 18

False

Question 19

Workers’ compensation insurance premiums very according to the different degrees of danger in to employees’ jobs

Answer 19

True

Question 20

Workers’ compensation applies only to work-related injury, illness, or death

Answer 20

True

Question 21

Employment application forms are usually discarded when the applicant is hired

Answer 21

False

Question 22

Questions pertaining to religion, gender, national origin, or age are allowed on applications forms when these are occupational qualifications for a job.

Answer 22

True

Question 23

Employers cannot terminate an employee for providing false information on an application form once the employee begins employment

Answer 23

False

Question 24

The payroll register is a separate payroll record that is kept on each employee

Answer 24

False

Question 25

The payroll register is a separate payrolls record that is kept on each employee

Answer 25

False

Question 26

The amounts needed for the payroll entries in the journal come from the employee’s earning records

Answer 26

False

Question 27

Once vested, workers have the right to revise a pension at retirement age, even if they no longer work for that company

Answer 27

True

Question 28

ERISA provides for full vesting of the employer’s contributions in three years or gradually over six

Answer 28

True

Question 29

The Federal Income Tax Withholding Law requires that all employment data be kept on file permanently

Answer 29

False

Question 30

The Age Discrimination in Employment Act protects virtually all workers, but only to the age of 70.

Answer 30

False

Question 31

A worker who is regularly paid on a biweekly basis should revise 24 paychecks each year

Answer 31

False

Question 32

Employers are required to pay an employee for hours not worked because of illness

Answer 32

False

Question 33

The FLSA requires employees to be paid “double time” for hours worked on holidays

Answer 33

False

Question 34

There are some states that have a higher minimum wage rate then the federal minimum

Answer 34

True

Question 35

Employees who regularly works less than 20 ours a week are not considered by minimum wages

Answer 35

False

Question 36

Commissions are considered to be payments for hours worked and must be included in determining the regular hourly rate

Answer 36

True

Question 37

Under the FLSA, “mom and pop stores” are excluded from enterprise coverage

Answer 37

True

Question 38

Time spent in training sessions is never counted as working time

Answer 38

False

Question 39

The FLSA requires employees to be paid for working overtime hours even if the overtime was not authorized or approved

Answer 39

True

Question 40

Wage differentials between secession would be allowed if the different wage rates were based on a seniority system

Answer 40

True