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Test Bank For Payroll Accounting 5th Edition;9781260247978 By Jeanette Landin | Complete Guide. $19.99   Add to cart
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Test Bank For Payroll Accounting 5th Edition;9781260247978 By Jeanette Landin | Complete Guide.
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  • Payroll Accounting
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  • Payroll Accounting

By Jeanette LaTest Bank For Payroll Accounting 5th Edition By Jeanette Landin Newest Version | Complete All Chapters. Full chapters included Chapter 1 to 7. Chapter 1: Payroll Practices and System Fundamentals. Chapter 2: Payroll System Procedures. Chapter 3: Gross Pay Computation. Chapter 4: Fring...

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  • September 16, 2024
  • 285
  • 2024/2025
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,Payroll1Accounting12019,15e1(Landin)
Chapter111 Payroll1Practices1and1System1Fundamentals

1) Internal1payroll1reports1are1used1to1inform1a1firm's1managers1and1decision-
makers1about1labor1costs.

Answer:1TRUE1
Difficulty:111Easy
Topic:1 Identify1Legislation1That1Pertains1to1Payroll1and1Business
Learning1Objective:1 01-
011Identify1Legislation1That1Pertains1to1Payroll1and1Business1Bloom's:1Understand
AACSB:1Communication1Accessibi
lity:1 Keyboard1Navigation

2) The1Lilly1Ledbetter1Act1of120091was1the1first1act1that1mandated1equal1pay1for1men1and1women1
who1perform1identical1tasks.

Answer:1 FALSE
Explanation:1 The1Equal1Pay1Act1of119631was1the1first1legislation1that1addressed1pay1equity.1Diffic
ulty:111Easy
Topic:1 Identify1Legislation1That1Pertains1to1Payroll1and1Business
Learning1Objective:1 01-
011Identify1Legislation1That1Pertains1to1Payroll1and1Business1Bloom's:1Remember
AACSB:1Reflective1Thinking1Acces
sibility:1 Keyboard1Navigation

3) The1Age1Discrimination1in1Employment1Act1(ADEA)1prohibits1discrimination1in1employment1
practices1for1workers1who1are1older1than1age150.

Answer:1 FALSE
Explanation:1ADEA1protects1workers1who1are1older1than1age140.1Dif
ficulty:111Easy
Topic:1 Identify1Legislation1That1Pertains1to1Payroll1and1Business
Learning1Objective:1 01-
011Identify1Legislation1That1Pertains1to1Payroll1and1Business1Bloom's:1Remember
AACSB:1 Diversity
Accessibility:1 Keyboard1Navigation

4) Payroll-related1legislation1often1reflects1emerging1issues1in1societal1evolution.

Answer:1TRUE1Diffi
culty:121Medium
Topic:1 Identify1Legislation1That1Pertains1to1Payroll1and1Business
Learning1Objective:1 01-
011Identify1Legislation1That1Pertains1to1Payroll1and1Business1Bloom's:1Analyze
AACSB:1Reflective1Thinking1Acces
sibility:1 Keyboard1Navigation
1
Copyright1©120191McGraw-Hill1Education.1All1rights1reserved.
No1reproduction1or1distribution1without1the1prior1written1consent1of1McGraw-
Hill1Education.

,5) The1Worker's1Compensation1Act1of119351legislated1the1payment1of1worker's1compensation1
insurance.

Answer:1 FALSE
Explanation:1 No1federal1legislation1exists1regarding1the1payment1of1worker's1compensation1insuran
ce.
Difficulty:111Easy
Topic:1 Discuss1the1Legal1Framework1Specific1to1Payroll1Accounting
Learning1Objective:1 01-
021Discuss1the1Legal1Framework1Specific1to1Payroll1Accounting1Bloom's:1Understand
AACSB:1Communication1Accessibi
lity:1 Keyboard1Navigation

6) The1ethical1principle1of1due1care1pertains1to1the1upholding1of1rights1and1justice1of
1stakeholders.



Answer:1 FALSE
Explanation:1 The1principle1of1due1care1pertains1to1the1accountant's1professional1competence.1
Difficulty:121Medium
Topic:1 Discuss1the1Ethical1Guidelines1for1Payroll1Accounting
Learning1Objective:1 01-
031Discuss1the1Ethical1Guidelines1for1Payroll1Accounting1Bloom's:1Apply
AACSB:1 Ethics
Accessibility:1 Keyboard1Navigation

7) Payroll1accounting1systems1may1involve1an1integrated1software1package1that1contains1
business-planning1tools.

Answer:1TRUE1
Difficulty:111Easy
Topic:1 Identify1Contemporary1Payroll1Practices
Learning1Objective:1 01-
041Identify1Contemporary1Payroll1Practices1Bloom's:1Understand
AACSB:1 Technology
Accessibility:1 Keyboard1Navigation

8) The1IRS1uses1EINs1to1track1employers1for1tax1purposes.

Answer:1TRUE1
Difficulty:111Easy
Topic:1 Identify1Contemporary1Payroll1Practices
Learning1Objective:1 01-
041Identify1Contemporary1Payroll1Practices1Bloom's:1Remember
AACSB:1Communication1Accessibi
lity:1 Keyboard1Navigation

2
Copyright1©120191McGraw-Hill1Education.1All1rights1reserved.
No1reproduction1or1distribution1without1the1prior1written1consent1of1McGraw-
Hill1Education.

, 9) The1payroll1volume1tends1to1be1greater1for1small1companies1than1for1large1businesses.

Answer:1 FALSE
Explanation:1Payroll1volume1is1lower1for1small1companies1because1the1number1of1employees1is1sm
aller,1which1leads1to1a1lower1number1of1payroll1transaction.
Difficulty:111Easy
Topic:1 Compare1Payroll1Processing1Options1for1Different1Businesses
Learning1Objective:1 01-
051Compare1Payroll1Processing1Options1for1Different1Businesses1Bloom's:1Understand
AACSB:1Reflective1Thinking1Acces
sibility:1 Keyboard1Navigation

10) The1use1of1outsourced1payroll1relieves1employers1of1the1responsibility1for1payroll1accuracy.

Answer:1 FALSE
Explanation:1The1employer1is1responsible1for1payroll1accuracy1regardless1of1who1processes1it.1Diffi
culty:121Medium
Topic:1 Compare1Payroll1Processing1Options1for1Different1Businesses
Learning1Objective:1 01-
051Compare1Payroll1Processing1Options1for1Different1Businesses1Bloom's:1Analyze
AACSB:1Reflective1Thinking1Acces
sibility:1 Keyboard1Navigation

11) The1Age1Discrimination1in1Employment1Act1of119671prevented1mandatory1retirement1for
1workers1over1the1age1of:

A)155.
B)150.
C)145.
D)140.

Answer:1D1Diffic
ulty:111Easy
Topic:1 Identify1Legislation1That1Pertains1to1Payroll1and1Business
Learning1Objective:1 01-
011Identify1Legislation1That1Pertains1to1Payroll1and1Business1Bloom's:1Understand
AACSB:1 Diversity
Accessibility:1 Keyboard1Navigation




3
Copyright1©120191McGraw-Hill1Education.1All1rights1reserved.
No1reproduction1or1distribution1without1the1prior1written1consent1of1McGraw-
Hill1Education.

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