1. The Fair Labor Standards Act sets the current minimum wage at $7.50 per hour.
a. True
b. False
ANSWER: False
POINTS: 2
DIFFICULTY: Moderate
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: PAYR.BIEG.14.2 - LO: 1
ACCREDITING STANDARDS: AICPA: v1-11 - FN-Reporting
Blooms Taxonomy-5 - Remembering
Business Program-3 - Analytic
Time Estimate-a - 5 min.
DATE CREATED: 6/6/2017 10:33 AM
DATE MODIFIED: 6/6/2017 10:33 AM
2. The Federal Insurance Contributions Act covers restrictions on the employment of child labor.
a. True
b. False
ANSWER: False
POINTS: 2
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: PAYR.BIEG.14.1 - LO: 1
ACCREDITING STANDARDS: AICPA: v1-11 - FN-Reporting
Blooms Taxonomy-5 - Remembering
Business Program-3 - Analytic
Time Estimate-a - 5 min.
DATE CREATED: 6/6/2017 10:33 AM
DATE MODIFIED: 6/6/2017 10:33 AM
Copyright Cengage Learning. Powered by Cognero. Page 1
,Chapter 1 Achievement Test
3. The Federal Income Tax Withholding Law requires that all employment data be kept on file permanently.
a. True
b. False
ANSWER: False
POINTS: 2
DIFFICULTY: Moderate
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: PAYR.BIEG.14.3 - LO: 1
ACCREDITING STANDARDS: AICPA: v1-11 - FN-Reporting
Blooms Taxonomy-5 - Remembering
Business Program-3 - Analytic
Time Estimate-a - 5 min.
DATE CREATED: 6/6/2017 10:33 AM
DATE MODIFIED: 6/6/2017 10:33 AM
4. In cases where both federal and state regulations cover the minimum wage for the same employee, the higher of the
two rates is always used as the standard minimum wage.
a. True
b. False
ANSWER: True
POINTS: 2
DIFFICULTY: Moderate
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: PAYR.BIEG.14.4 - LO: 1
ACCREDITING STANDARDS: AICPA: v1-11 - FN-Reporting
Blooms Taxonomy-5 - Remembering
Business Program-3 - Analytic
Time Estimate-a - 5 min.
DATE CREATED: 6/6/2017 10:33 AM
DATE MODIFIED: 6/6/2017 10:33 AM
Copyright Cengage Learning. Powered by Cognero. Page 2
, Chapter 1 Achievement Test
5. Those records that are required by the various payroll laws must generally be kept on file for only the current year.
a. True
b. False
ANSWER: False
POINTS: 2
DIFFICULTY: Moderate
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: PAYR.BIEG.14.5 - LO: 1
ACCREDITING STANDARDS: AICPA: v1-11 - FN-Reporting
Blooms Taxonomy-5 - Remembering
Business Program-3 - Analytic
Time Estimate-a - 5 min.
DATE CREATED: 6/6/2017 10:33 AM
DATE MODIFIED: 6/6/2017 10:33 AM
6. Unions and employment agencies are excluded from coverage under the Civil Rights Act of 1964.
a. True
b. False
ANSWER: False
POINTS: 2
DIFFICULTY: Moderate
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: PAYR.BIEG.14.6 - LO: 1
ACCREDITING STANDARDS: AICPA: v1-11 - FN-Reporting
Blooms Taxonomy-5 - Remembering
Business Program-3 - Analytic
Time Estimate-a - 5 min.
DATE CREATED: 6/6/2017 10:33 AM
DATE MODIFIED: 6/6/2017 10:33 AM
Copyright Cengage Learning. Powered by Cognero. Page 3
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