ACCT 1130 Payroll Accounting Chapter 1

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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


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