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payroll midterm review with 100% correct answers

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Which of the following acts levies a tax on employers and employees that is credited to the Federal Old-Age and Survivors' Trust Fund and the Federal Disability Insurance Trust Fund? correct answersFederal Insurance Contributions Act Workers' compensation insurance premiums for employers vary ac...

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  • September 18, 2024
  • 19
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Payroll mide
  • Payroll mide
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QUILLSKY
payroll midterm review

Which of the following acts levies a tax on employers and employees that is credited to the Federal Old-
Age and Survivors' Trust Fund and the Federal Disability Insurance Trust Fund? correct answersFederal
Insurance Contributions Act



Workers' compensation insurance premiums for employers vary according to the different degrees of
danger in various classes of jobs and the employers' accident experience rate. correct answersTrue



Under the Federal Personal Responsibility and Work Opportunity Reconciliation Act, every employer is
required to report the name, address, and social security number of each new employee to the
appropriate state agency. correct answersTrue



The tax paid to the federal government for unemployment taxes is used for paying state and federal
administrative expenses of the unemployment program. correct answersTrue



Form I-9 must be completed by each new hire. correct answersTrue



Employers can exempt the following from the provision of the Family and Medical Leave Act: correct
answersHighest-paid 10 percent of their workforce



Questions pertaining to religion, sex, national origin, or age are allowed on application forms when these
are bona fide occupational qualifications for a job. correct answersTrue



Only six states do not impose a state unemployment tax on employers in their state. correct
answersFalse



Which of the following is not part of the records employers keep in employee files? correct
answersHealth care account withdrawals

,A payroll register lists all employees who have earned remuneration, the amount of remuneration, the
deductions, and the net amount paid for each pay period. correct answersTrue



Which of the following is not part of the social security program? correct answersFederal Income Tax
Law



Each state imposes an income tax on employees that is 2 percent of gross wages correct answersFalse



Which of the following acts deals with the unpaid leave for a family or medical emergency? correct
answersFamily and Medical Leave Act of 1993



The FLSA provides health insurance for the aged and disabled (Medicare). correct answersFalse



Which of the following is a part of the social security program? correct answersMedicare



Form I-9, which is completed by each employee, deals with: correct answersverification of employment
eligibility.



Under the Affordable Care Act, employers with 50 or more full-time employees during the previous year
are required to provide health insurance coverage for all full-time employees. correct answersTrue



All of the following are covered by the Age Discrimination in Employment Act except: correct answersAn
employer with 15 employees



The Affordable Care Act does not make a distinction between large and small employers. correct
answersFalse



In order for the Walsh-Healey Public Contracts Act to protect laborers for contractors who furnish
materials to any agency of the United States, the contract amount must be at least $15,000. correct
answersTrue



The FLSA imposes no record keeping requirements on employers. correct answersFalse

, Which of the following is a provision of the Fair Labor Standards Act (FLSA)? correct answersSets up
minimum wage



Title VII of the Civil Rights Act is referred to as the: correct answersEqual Employment Opportunity Act



Pre-hire questions pertaining to religion, sex, national origin, or age are allowed if: correct answersthese
factors are bona fide occupational qualifications for the job.



All states have set their minimum wage to be the same as the federal government. correct answersFalse



Which of the following laws establishes the minimum wage? correct answersFair Labor Standards Act



FUTA was designed to ensure that workers who are covered by pension plans receive benefits from
those plans. correct answersFalse



Employment application forms are usually discarded when the applicant is hired. correct answersFalse



The total cost of workers' compensation insurance is borne by the employees. correct answersFalse



What tax act levies a tax on employers to pay state and federal administrative expenses of the
unemployment program? correct answersFederal Unemployment Tax Act



All states have partial-wage-replacement disability programs, that cover injuries away from the worker's
place of employment. correct answersFalse



The Fair Labor Standards Act is commonly known as the Federal Wage and Hour Law. correct
answersTrue



The amounts needed for the payroll entries in the journal come from the employee's earnings record.
correct answersFalse

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