Payroll Certification
Valen is an employee of the foreign subsidiary of a United States based company who lives and works in the United Kingdom. According to Foreign Account Tax Compliance Act (FATCA), how much of his wages may Valen exclude from United States' taxes, according to 2023 guidelines?
$120,000
Regulation ________blank mandated disclosure of paycard-related information and fees to employees.
z
On June 21, 2023, Dorian Goodman was terminated from Black Diamond Sports in New Hampshire. Black Diamond Sports pays its employees biweekly on Fridays, and the next payday is 7/7/2023. When must Dorian receive the final paycheck?
Within 72 hours
All executive compensation must be:
annotated as to derivation and benchmarks.
The company president asks Amari to delay the remittance of payroll taxes to make more cash available to the company. Which act would be violated if Amari complies with the company president's request?
Current tax payment act of 1943
The employer has determined that the payroll functions should be moved to a cloud-based platform that can support its 500 employees, be used remotely, and has requested recommendations. What options could Micah propose?
Employee security and confidentiality, online options with mobile access, SSL, VFPM, adn CAPTCHA tools
Why it is so important to submit new-hire documentation?
Ensures that individuals in professions that can have sanctions are legally able to continue to work Finally to enable the tracking of COBRA benefits Reporting creates a registry to monitor child support obligations Tracks immigration to ensure employees are legal to work in US
What are your responsibilities within the company for payroll records and employee file issues?
Ensuring timely filing of tax and withholding amount Retention periods Maintaining payroll records Document destruction
Dakota Boon, informs Jaylin that he feels that he was the victim of unequal pay three years prior. What law(s) guide Dakota's complaint?
FLSA, Civil Rights Act of 1964, Equal Pay Act.
What guidelines should be followed when classifying workers as exempt or nonexempt?
FLSA, Dept. of Labor, IRS
Galen Rana is a production worker at Gexo Manufacturing, which produces air-conditioning systems. After working there for 10 years, she discovers through conversations with a colleague with the same title and similar seniority that her wage is 20 percent lower than his wage. She feels that she has been a victim of discrimination. Which law(s) govern her situation?
FLSA, Lilly Ledbetter Fair Pay Act of 2009
A colleague who is classified as an independent contractor asks to be classified as an employee. What factors should be considered?
Financial Control
You are preparing to compute employee pay and needs to determine the amount of employee federal income taxes to be withheld. Which of the following should be consulted?
IRS Publication 15-T
Through reviews of employee files, what information should be present for each employee?
Occupation & pay rate
You are the new payroll supervisor for your company. Which payroll documentation control procedures are now your responsibility?
Payroll system security, Access to payroll data, training of payroll staff, maintenance of PTO, separation of duties
Which privacy law(s) require you to protect the information on the computer, even from family members?
Privacy Act of 1974
What is the definition for Walsh-Healey Public Contracts Act?
Prohibited employment of individuals younger than 16 years of age
What advice would you give Landry about privacy laws and payroll?
Review US Dept of labor OCFO-1 or the US Dept of Health and Human Services Privacy Act. The Privacy Act of 1974 allows employees access to their payroll records. The employee's privacy is an important consideration and payroll workers need to be aware of updated info as it becomes available.
What are the forms of identification that establish employment authorization for the I-9?
SS card, Driver's license, Passport
You notice that the previous bookkeeper used a manual system. The company owner has said that you may update the payroll system. What options are available?
Spreadsheets, programs like QB, Sage, etc., MyPay Solutions
The Ethical Principal of Integrity
The ethical principle of integrity pertains to doing the right thing despite contrary influences.
Which of the following are legal factors that will distinguish exempt from nonexempt employees?
Amount of supervision given, type of work performed
What is the most significant payroll challenge for small businesses?
Availability of payroll-trained personnel
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
Which ethical principle emphasizes the use of moral judgment in all actions?
Confidentiality
