Payroll Accounting HW

Amari Meyers works in the payroll department for Racine Traders. The company has experienced a decline in revenue over the past six months. The company president asks Amari to delay the remittance of payroll taxes to make more cash available to the company. Required: Which act would be violated if Amari complies with the company president's request? Note: You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect. -Equal Pay Act of 1963 -Civil Rights Act of 1991 -Current Tax Payment Act of 1943 -Social Security Act of 1935

-Current Tax Payment Act of 1943

Lupore Fabrics obtained a contract in Watts Mills, South Carolina, that involves the production of materials for military uniforms, a project contracted with the federal government for $2,800,000. Required: What law(s) govern(s) the hiring or documenting of these workers? Note: You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect. -Davis-Bacon Act -Sarbanes-Oxley Act -Walsh-Healey Act -FLSA-Fair Labor Standards Act

-Davis-Bacon Act -Walsh-Healey Act -FLSA-Fair Labor Standards Act

Sawyer Alescio is an accountant for Diado, a multinational firm. Sawyer notices that the new state payroll tax updates have not been installed during payroll processing in the firm's software. Required: What ethical guidelines govern Sawyer's behavior in this situation? Note: You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect. -Ensure the tax withholding and remittance are correct with the new state payroll rates -Notify the supervisor of the discrepancy -Use the existing software without updates to avoid disruptions in payroll distribution -Avoid professional conferences that may cause confusion to his skills

-Ensure the tax withholding and remittance are correct with the new state payroll rates -Notify the supervisor of the discrepancy

Choose the correct definition for Independent contractor. Multiple Choice The law guaranteeing marriage equality under any circumstances A worker who is not subject to a company's direction or its payroll laws Protects the confidentiality of employee medical records Repealed the 180-day statute of limitations on equal pay complaints Mandates completion of form I-9

A worker who is not subject to a company's direction or its payroll laws

Choose the correct definition for ADP and Paychex®.

Examples of companies used for outsourcing payroll processing

Dylan Piccirillo works as the payroll clerk for Centinix, a security company that hires many part-time and temporary workers who are paid hourly. Required: What law(s) govern(s) the hiring or documenting of these workers? Note: You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect. ADEA FLSA IRCA USERRA

FLSA IRCA

Choose the correct definition for Davis-Bacon Act.

Governs accounting for firms with federal government contracts in excess of $2,000

Choose the correct definition for Tax Cuts and Jobs Act. Multiple Choice A provision of the Sarbanes-Oxley Act Instituted a tiered income tax on workers A worker who is not subject to a company's direction or its payroll laws Repealed the 180-day statute of limitations on equal pay complaints Reframing federal employee income tax computations

Reframing federal employee income tax computations

A group of employees who read on a website that income tax collection is illegal approach Jules Furst, the controller for a large company. They ask that the company stop withholding income taxes from their pay without an explanation of what laws govern income tax collection. What should Jules tell them?

The 16th Amendment to the U.S. Constitution created the legislation to support the collection of taxes from the employees. Additional Social Security Insurance Act was created to provide funding through tax withholdings.

Eden Motta is the office manager and payroll clerk for his company, composed of 12 employees. An employee, Xai Gladwin, stops by Eden's office and wants to view their payroll record. What privacy regulations must Eden consider before granting coworker access?

The Privacy Act of 1974 allows an employee access to their payroll records.

At Denniston Industries, employees have the option of choosing employer-sponsored health insurance. According to COBRA, what responsibilities does the employer have upon the termination of an employee?

The company must offer terminated employees COBRA coverage upon termination. The employee would be required to pay the health insurance premiums.

During a review of payroll records, Ocean Morena notices that a female employee in Department A receives a significantly lower salary than similarly skilled male employees in the same department. Required: What actions should Ocean take in this situation? Note: You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect. -Publish Ocean findings in the next company newsletter -If all channels fail, then Ocean may have a claim under the Equal Pay Act with or without the extension provided by the Lilly Ledbetter Fair Pay Act of 2009. -Inform the employee about the pay discrepancy -Go to the supervisor of the individual spoken to previously -Go to the manager or supervisor to discuss these diffe

-If all channels fail, then Ocean may have a claim under the Equal Pay Act with or without the extension provided by the Lilly Ledbetter Fair Pay Act of 2009. -Go to the supervisor of the individual spoken to previously -Go to the manager or supervisor to discuss these differentials -Gather the information that shows the differences in pay based on sex of the employee

Ash Accardi is the accounting manager for a small local firm with full- and part-time staff. Required: How do FLSA guidelines regarding working hours apply to Ash's employees? Note: You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect. -Minimum wage considerations for both salaried and hourly workers -Whether the company is required to abide by the FLSA (no interstate commerce) -Maximum hours -Minimum age -Pay rates -Mandatory break periods

-Minimum wage considerations for both salaried and hourly workers -Whether the company is required to abide by the FLSA (no interstate commerce) -Maximum hours -Minimum age -Pay rates -Mandatory break periods

Addison Roy is a payroll accountant who works for a private firm. Their most recent professional development course was completed in 2010. Required: Which of the following ethical issues has Addison violated? Note: You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect. -Confidentialityt -Objectivity and Independence -Professional competence and due care -Integrity

-Professional competence and due care

Blake Hudnall is Conosis Incorporated's payroll accountant. During a casual conversation with coworkers, Blake learns that Teagan Vinkovic, a coworker, is deliberately overstating the number of hours worked during each pay period because of a personal economic situation. Required: Which ethical guidelines pertain to this situation? What should Blake do with this knowledge? -Professional competence and due care in the proper preparation of the payroll and verify externally with the supervisor or manager the actual hours worked -A lack of Integrity could make her an accomplice by allowing the transactions to continue overstated. -Encourage the employee to continue taking care of family needs as they have been -Professionalism to the company and ensuring that there is honest and true representation to the costs of the business

-Professional competence and due care in the proper preparation of the payroll and verify externally with the supervisor or manager the actual hours worked -A lack of Integrity could make her an accomplice by allowing the transactions to continue overstated. -Professionalism to the company and ensuring that there is honest and true representation to the costs of the business

Landry Russell is a new employee in the payroll department for Palermo Industries. Landry has had several employees approaching with questions but is unsure how privacy regulations could affect the responses. Required: What advice would you give Landry about privacy laws and payroll? Note: You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect. -Employees of publicly owned companies may have access to each other's payroll records. -The Privacy Act of 1974 allows an employee access to their payroll records. -The employee's privacy is an important consideration, and payroll workers need to be aware of updated information as it becomes available. -Review U.S. Department of Labor OCFO-1 or

-The Privacy Act of 1974 allows an employee access to their payroll records. -The employee's privacy is an important consideration, and payroll workers need to be aware of updated information as it becomes available. -Review U.S. Department of Labor OCFO-1 or the U.S. Department of Health and Human Services Privacy Act 09-40-0006.

Max Anson owns Uninix Computers, a company with five employees. As a small business owner, Max has several options for payroll processing. Required: What factors should be considered when deciding which payroll processing option is best for Uninix Computers? Note: You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect. -The amount of money Max has to spend on payroll processing -The physical size of the office facility -The number of independent contractors -The computer technology used by the business

-The amount of money Max has to spend on payroll processing -The computer technology used by the business

Peyton Hatton is a payroll accountant with Embotelladora Traders, Incorporated. One of the employees poses a question about the legality of the deduction for Social Security tax from their pay. Required: What should Peyton tell the colleague? Note: You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect. -To provide monetary benefits to dependents of retired or deceased workers -To assist workers who are financially stable -To assist younger workers when they retire or become too infirm to work -To assist families who experience diminished wages

-To provide monetary benefits to dependents of retired or deceased workers -To assist younger workers when they retire or become too infirm to work -To assist families who experience diminished wages

Callen Germain is a warehouse worker for a small grocery market. While some merchandise was being moved, the loading dock door unexpectedly fell and injured Callen. Required: How does OSHA apply to Callen for this type of injury? Note: You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect. -Workers' compensation insurance will provide for the coverage of wage compensation for the employee and covered medical expenses should the company's work environment, and not employee error, be found at fault. -In this type of situation, there would be an OSHA inspection to ensure that the working environment was not the cause of the injury. -Another legal provision is that Callen may be protected

-Workers' compensation insurance will provide for the coverage of wage compensation for the employee and covered medical expenses should the company's work environment, and not employee error, be found at fault. -In this type of situation, there would be an OSHA inspection to ensure that the working environment was not the cause of the injury. -Another legal provision is that Callen may be protected under FMLA and may have to take unpaid leave if there is no accrued leave available, but the employment and medical benefits would be guaranteed.

Nyx Croce is an employee of Autonder, a contractor that provides governmental construction services in Washington, DC. The current contract is for $250,000. Nyx is 22 and is paid $9.50 per hour. Required: How does the Walsh-Healey Public Contracts Act affect Nyx? Note: You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect. -Would automatically be classified as exempt from FLSA regulations -Would fall under Walsh-Healey Public Contracts Act -Wages at 1.5 times the regular hourly wage for those worked over 40 hours per week -Would require minimum wage for all hours worked under 40 per week

-Would fall under Walsh-Healey Public Contracts Act -Wages at 1.5 times the regular hourly wage for those worked over 40 hours per week -Would require minimum wage for all hours worked under 40 per week

Choose the correct definition for internal controls documentation. Multiple Choice A provision of the Sarbanes-Oxley Act Instituted a tiered income tax on workers Prohibited employment of individuals younger than 16 years of age Strengthened the child support provisions of PRWOR Legislation that governs the treatment of military service personnel

A provision of the Sarbanes-Oxley Act

Choose the correct definition for certified payroll.

A way for governmental agencies to track the payroll associated with a government contract

Kennedy Watson is the payroll accountant for Antizio Electronics, a company that engages in federal contracts. Kennedy wants to ensure that the company is compliant with the provisions of the Davis-Bacon Act. What is the process used to monitor payroll compliance in this situation?

Certified Payroll

London Franco was dismissed from employment at Precision Dynamics because of a race-related incident. London sued Precision Dynamics for $150,000 because of the discrimination. Which of the following laws provides for monetary awards during discrimination lawsuits?

Civil Rights Act of 1991

Choose the correct definition for Sixteenth Amendment. Multiple Choice Instituted a tiered income tax on workers Prohibited employment of individuals younger than 16 years of age Mandates completion of form I-9 The law guaranteeing marriage equality under any circumstances Protects the confidentiality of employee medical records

Instituted a tiered income tax on workers

Choose the correct definition for USERRA. Multiple Choice Legislation that governs the treatment of military service personnel A worker who is not subject to a company's direction or its payroll laws Repealed the 180-day statute of limitations on equal pay complaints Mandates completion of form I-9 The law guaranteeing marriage equality under any circumstances

Legislation that governs the treatment of military service personnel

Choose the correct definition for IRCA. Multiple Choice A provision of the Sarbanes-Oxley Act Instituted a tiered income tax on workers A worker who is not subject to a company's direction or its payroll laws Repealed the 180-day statute of limitations on equal pay complaints Mandates completion of form I-9

Mandates completion of form I-9

Lyric Tesfaye is the new bookkeeper for Birch Online Enterprises, a small business consulting firm, and was hired to replace a long-time employee who retired. Lyric notices that the previous bookkeeper used a manual system. The company owner has said that Lyric may update the payroll system. Required: What options are available? MyPay Solutions ADP or programs like QuickBooks, Sage 100, or Microsoft Dynamics GP Continue to use manual system Opt not to process payroll Spreadsheets

MyPay Solutions ADP or programs like QuickBooks, Sage 100, or Microsoft Dynamics GP Spreadsheets