ACCT 1130 Payroll Accounting Chapter 1
The Fair labor Standards Act has set the current minimum hourly rate of pay at:
$7.25
Which of the following acts deals with the minimum wage paid to laborers for contractors on federal government construction contracts?
Davis-Bacon Act
A payroll register lists all employees who have earned remuneration, the amount of remuneration, the deductions, and the net amount paid for each pay period.
True
An exception to the protection that the Age Discrimination in Employment Act provides for all workers over 40 involves executives who are 65 or older and who have held high policy-making positions during the two-year period prior to retirement.
True
By the use of executive orders, the federal government has banned discrimination in employment on government contracts
True
Form I-9 must be completed by each new hire
True
If an investigative consumer report is being issued, the applicant must be given a written notice that the information obtained will be used in the employment decision.
True
One of the provisions of coverage of the Civil Rights Act is that the employer must have 15 or more workers
True
Questions pertaining to religion, gender, national origin, or age are allowed on application forms when these are bona fide occupational qualifications for a job.
True
Which of the following laws protect employees against losses due to work-related injury:
Workers' Compensation
What tax act levies a tax on employers to pay state and federal administrative expenses of the unemployment program?
Federal Unemployment Tax Act
Which of the following is a part of the social security program
Medicare
Form I-9, which is completed by each employee, deals with
verification of employment eligibility
The Age Discrimination in Employment Act provides protection to virtually all workers over the age of:
40
The Affordable Care Act defines applicable large employers (ALEs) as employers with:
50 or more full-time employees during the previous year.
Which of the following is included in a job description? a. Education requirements and special skills needed b. Attendance requirements c. Secondary duties d. All of the above e. Job's essential functions, including any physical requirements
All of the Above
Which of the following Acts established the Equal Employment Opportunity Commission (EEOC)?
Civil Rights Act of 1964
Which of the following is used to provide a continuous record of the relationship between employer and employee?
Employee history record
Title VII of the Civil Rights Act is referred to as the:
Equal Employment Opportunity Act
Which of the following laws establishes the minimum wage?
Fair Labor Standards Act
All states have set their minimum wage to be the same as the federal government
False
Employers are now required to photocopy new employees' Form I-9 documents
False
Employment application forms are usually discarded when the applicant is hired.
False
FUTA was designed to ensure that workers who are covered by pension plans receive benefits from those plans.
False
Only six states do not impose a state unemployment tax on employers in their state.
False
The Affordable Care Act does not make a distinction between large and small employers.
False
The FLSA imposes no record keeping requirements on employers
False
The amounts needed for the payroll entries in the journal come from the employee's earnings record.
False
The total cost of workers' compensation insurance is borne by the employees.
False
The trend toward outsourcing of payroll operations has weakened in recent years.
False
Title VII of the Civil Rights Act protects all employees from arbitrary dismissal.
False
Under FMLA, the time off must be used in one uninterrupted period of time.
False
Under the Federal Insurance Contributions Act, the Medicare portion of the tax is only paid by the employer
False
Which of the following acts deals with the unpaid leave for a family or medical emergency?
Family and Medical Leave Act of 1993
Which of the following is not part of the social security program?
Federal Income Tax Law
Which of the following is not part of the records employers keep in employee files?
Health care account withdrawals
Employers can exempt the following from the provision of the Family and Medical Leave Act:
Highest-paid 10 percent of their workforce
Form I-9 Employment Eligibility Verification, is required due to which of the following acts:
Immigration Reform and Control Act of 1986
Which of the following levies a graduated tax on the earnings of most employees and is deducted from their gross pay?
Income tax withholding laws
Which of the following is not allowed as part of a company's pre-hire inquiries
Lie detector tests
Which of the following is part of the Family and Medical Leave Act for the employer:
Must continue the employee's health-care coverage during the leave
Which of the following acts gives a tax credit to employers for offering health insurance to their employees?
Patient Protection and Affordable Care Act
Which of the following is a multicolumn form used to assemble and summarize the data needed at the end of each payroll period?
Payroll register
Which of the following is a provision of the Fair Labor Standards Act (FLSA)?
Sets up minimum wage
The Fair Labor Standards Act is commonly known as the Federal Wage and Hour Law.
True
The employer is required by the FLSA to display a poster that informs employees of the provisions of the law.
True
Under the Affordable Care Act, employers with 50 or more full-time employees during the previous year are required to provide health insurance coverage for all full-time employees.
True
Under the Civil Rights Act of 1964, the U.S. government is classified as an exempt employer.
True
Under the Federal Personal Responsibility and Work Opportunity Reconciliation Act, every employer is required to report the name, address, and social security number of each new employee to the appropriate state agency
True
ERISA provides for full vesting of the employer's contribution to an employee's pension fund in three years or gradually over
six years
