PayrollVAccountingV2024V10thVEditionVbyVJeanetteVLandin
ChapterV1-7
AnswersVIncluded
ChapV01V2024VLandin
1) PayrollVerrorsVcanVleadVtoVunderreportedVwagesVandVstaffingVissues.
⊚V true
⊚V false
2) TheVLillyVLedbetterVActVofV2009VreinforcedVtheVprovisionsVofVtheVCurrentVTaxVPayment
VActVbyVenforcingVtaxVremittanceVwithinV180Vdays.
⊚V true
⊚V false
3) TheVOccupationalVSafetyVandVHealthVActVofV1970VaddedVpersonalVprotectiveVequi
pmentVstandardsVduringV2020.
⊚V true
⊚V false
4) EmployeeVretirementVbenefitsVareVaVrecruitingVandVretentionVstrategyVusedVbyVbusinesses.
⊚V true
⊚V false
5) TheVFamilyVMedicalVLeaveVActVprovidedVpaidVleaveVandVguaranteedVjobVretenti
onVforVemployees.
⊚V true
⊚V false
6) WorkersVmayVaccessVpartialVSocialVSecurityVretirementVbenefitsVatVageV62.
⊚V true
⊚V false
7) TheVFairVLaborVStandardsVActVhasVtwoVlevelsVofVcoverage:VindividualVandVenterprise.
⊚V true
⊚V false
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,8) TheVethicalVprincipleVofVintegrityVpertainsVtoVstandardsVforVremainingVcurrentVwithV
payrollVprofessionalVdevelopmentVandVcertification.
⊚V true
⊚V false
9) ContemporaryVpayrollVpracticesVinvolveVtheVuseVofVcloud-basedVsoftware.
⊚V true
⊚V false
10) TheVuseVofVpayrollVappsVshiftsVtheVonusVforVpayrollVaccuracyVfromVtheVemploy
erVtoVtheVemployee.
⊚V true
⊚V false
11) TheVPersonalVResponsibility,VWorkVandVFamilyVPromotionVActVofV2002VmandatedVth
atVnewVemployeesVmustVbeVreportedVtoVstateVemploymentVofficesVwithinVhowVmany
VdaysVofVtheVemployeeVcommencingVemployment?
A) 30
B) 25
C) 20
D) 15
12) WhichVActVrequiredVtheVreportingVofVCOVID-19-relatedVleave?
A) DOMA
B) ARPA
C) FMLA
D) FFCRA
13) DuringVwhichVdecadeVwereVmanyVlandmarkVpayrollVlegislationVpiecesVenacted?
A) 1910s
B) 1920s
C) 1930s
D) 1940s
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,14) WhichVfederalVactVassistsVworkersVwhoVareVdisplacedVthroughVnoVfaultVofVtheirVown?
A) HIPAA
B) FUTA
C) SUTA
D) ERISA
15) AsVofV2023,VatVwhatVageVmayVpeopleVbornVafterV1960VreceiveVfullVSocialVSecurityVre
tirementVbenefits?
A) 62
B) 65
C) 67
D) 69
16) WhichVActVcreatedVtheVclassificationVofVworkersVasVexemptVorVnonexempt?
A) SSA
B) FICA
C) CTPA
D) FLSA
17) WhichVofVtheVfollowingVemployerVobligationVisVanVinsuranceVpolicy,VnotVlegislation?
A) Sarbanes-Oxley
B) Workers’Vcompensation
C) Walsh-Healey
D) Davis-Bacon
18) WhichVethicalVprincipleVemphasizesVtheVuseVofVmoralVjudgmentVinVallVactions?
A) Professionalism
B) Confidentiality
C) Integrity
D) DueVCare
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, 19) WhichVofVtheVfollowingVsituationsVwouldVnotVpotentiallyVcompriseVaVpayrollVaccou
ntant’sVobjectivityVorVindependence,VaccordingVtoVtheVPCAOB?
A) PersonalVorVfamilyVownershipVofV<1VpercentVofVcompanyVshares
B) CommitmentVtoVpresentVorVfutureVfinancialVinterestVinVaVclient’sVbusiness
C) PersonalVengagementVwithVaVclient’sVfirmVinVtermsVofVownership
D) PurchaseVofVgreaterVthanVfiveVpercentVofVtheVcompany’sVshares
20) EmploymentVlegislationVduringVtheV1960sVincludedVwhichVofVtheVfollowingVActs:
A) FLSA,VFUTA,VandVFICA.
B) CivilVRightsVAct,VADEA,VandVEqualVPayVAct.
C) CTPA,VFICA,VandVERISA.
D) DOMA,VFMLA,VandVPRWOR.
21) TheVmainVpurposeVofVtheVCurrentVTaxVPaymentVActVwasVto:
A) ensureVthatVallVemployeesVpayVappropriateVtaxes.
B) maintainVlegalVeligibilityVtoVworkVinVtheVUnitedVStates.
C) mandateVemployerVremittanceVofVtaxesVwithheldVfromVemployees.
D) provideVbenefitsVforVworkersVwhoVwereVdisplacedVfromVjobs.
22) WhichVactVaddsVmonetaryVpenaltiesVforVillegalVdiscriminatoryVemployerVactions?
A) CivilVRightsVActVofV1964
B) Davis-BaconVAct
C) AmericansVwithVDisabilitiesVAct
D) CivilVRightsVActVofV1991
23) WhichVofVtheVfollowingVlegislationVspecificallyVpertainsVtoVgovernmentVcontractors?
A) ADEAVandVERISA
B) Davis-BaconVActVandVWalsh-HealeyVAct
C) FLSAVandVFICA
D) DOMAVandVFMLA
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