Payroll Accounting Final Flashcards
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.
True
The Fair Labor Standards Act is commonly known as the federal wage and Hour Law
True
The Fair Labor Standards Act sets the current minimum wage at $9.50 per hour
False
The Fair Labor Standards Act requires all employees to be paid weekly or biweekly
False
The Fair Labor Standards Act requires all employer to display a poster informing employees of the provisions of the law
True
Allstates have set their minimum wage to be the same as the federal government
False
Under the Federal Insurance Contributions Act, the Medicare portion of the tax is only paid by the employer
False
The Federal Insurance Contributions Act covers restrictions on the employment of child labor
False
The tax paid to the federal government for unemployment taxes is used for paying state and federal administrative expenses for the unemployment program.
True
Every state imposes a state unemployment tax on employers in their state
True
Form I-9 employment eligibility verification, is completed by employees who were born outside of the US
False
The deadline for an employee to complete and sign form I-9 is one year from the date of hire
False
Under the Civil Rights Act of 1964, the U.S. Government is classified as an exempt employer
True
The civil rights act of 1964 protects all employees from arbitrary dismissal
False
Under the FLMA, the time off must be used in one uninterrupted period of time.
False
Under FMLA, an employer may substitute an employee’s earned paid leave for any part of the 12-week family leave
True
Under FMLA, employees use be paid during the time period being taken off
False
Workers’ compensation insurance premiums are paid for by the employees.
False
Workers’ compensation insurance premiums very according to the different degrees of danger in to employees’ jobs
True
Workers’ compensation applies only to work-related injury, illness, or death
True
Employment application forms are usually discarded when the applicant is hired
False
Questions pertaining to religion, gender, national origin, or age are allowed on applications forms when these are occupational qualifications for a job.
True
Employers cannot terminate an employee for providing false information on an application form once the employee begins employment
False
The payroll register is a separate payroll record that is kept on each employee
False
The payroll register is a separate payrolls record that is kept on each employee
False
The amounts needed for the payroll entries in the journal come from the employee’s earning records
False
Once vested, workers have the right to revise a pension at retirement age, even if they no longer work for that company
True
ERISA provides for full vesting of the employer’s contributions in three years or gradually over six
True
The Federal Income Tax Withholding Law requires that all employment data be kept on file permanently
False
The Age Discrimination in Employment Act protects virtually all workers, but only to the age of 70.
False
A worker who is regularly paid on a biweekly basis should revise 24 paychecks each year
False
Employers are required to pay an employee for hours not worked because of illness
False
The FLSA requires employees to be paid “double time” for hours worked on holidays
False
There are some states that have a higher minimum wage rate then the federal minimum
True
Employees who regularly works less than 20 ours a week are not considered by minimum wages
False
Commissions are considered to be payments for hours worked and must be included in determining the regular hourly rate
True
Under the FLSA, “mom and pop stores” are excluded from enterprise coverage
True
Time spent in training sessions is never counted as working time
False
The FLSA requires employees to be paid for working overtime hours even if the overtime was not authorized or approved
True
Wage differentials between secession would be allowed if the different wage rates were based on a seniority system
True
