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Test Bank Payroll Accounting 2024 10th Edition by Jeanette Landin A+ $12.99   Add to cart

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Test Bank Payroll Accounting 2024 10th Edition by Jeanette Landin A+

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  • September 16, 2024
  • 250
  • 2024/2025
  • Exam (elaborations)
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Test Bank Payroll Accounting 2024 10th Edition by
Jeanette Landin A+

1) Payroll errors can lead to underreported wages and staffing issues.
⊚ true
⊚ false




2) The Lilly Ledbetter Act of 2009 reinforced the provisions of the Current Tax Payment
Act by enforcing tax remittance within 180 days.
⊚ true
⊚ false




3) The Occupational Safety and Health Act of 1970 added personal protective equipment
standards during 2020.
⊚ true
⊚ false




4) Employee retirement benefits are a recruiting and retention strategy used by businesses.
⊚ true
⊚ false




5) The Family Medical Leave Act provided paid leave and guaranteed job retention for
employees.
⊚ true
⊚ false


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6) Workers may access partial Social Security retirement benefits at age 62.
⊚ true
⊚ false




7) The Fair Labor Standards Act has two levels of coverage: individual and enterprise.
⊚ true
⊚ false


8) The ethical principle of integrity pertains to standards for remaining current with payroll
professional development and certification.
⊚ true
⊚ false




9) Contemporary payroll practices involve the use of cloud-based software.
⊚ true
⊚ false




10) The use of payroll apps shifts the onus for payroll accuracy from the employer to the
employee.
⊚ true
⊚ false




11) The Personal Responsibility, Work and Family Promotion Act of 2002 mandated that
new employees must be reported to state employment offices within how many days of the
employee commencing employment?
A) 30

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B) 25
C) 20
D) 15




12) Which Act required the reporting of COVID-19-related leave?
A) DOMA
B) ARPA
C) FMLA
D) FFCRA




13) During which decade were many landmark payroll legislation pieces enacted?
A) 1910s
B) 1920s
C) 1930s
D) 1940s


14) Which federal act assists workers who are displaced through no fault of their own?
A) HIPAA
B) FUTA
C) SUTA
D) ERISA




15) As of 2023, at what age may people born after 1960 receive full Social Security
retirement benefits?
A) 62
B) 65
C) 67
D) 69

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16) Which Act created the classification of workers as exempt or nonexempt?
A) SSA
B) FICA
C) CTPA
D) FLSA




17) Which of the following employer obligation is an insurance policy, not legislation?
A) Sarbanes-Oxley
B) Workers’ compensation
C) Walsh-Healey
D) Davis-Bacon




18) Which ethical principle emphasizes the use of moral judgment in all actions?
A) Professionalism
B) Confidentiality
C) Integrity
D) Due Care


19) Which of the following situations would not potentially comprise a payroll accountant’s
objectivity or independence, according to the PCAOB?
A) Personal or family ownership of <1 percent of company shares
B) Commitment to present or future financial interest in a client’s business
C) Personal engagement with a client’s firm in terms of ownership
D) Purchase of greater than five percent of the company’s shares




20) Employment legislation during the 1960s included which of the following Acts:

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