Test Bank For Payroll Accounting 5th Edition By Jeanette Landin Complete Guide..pdf

,Payrollm Accountingm 2019,m 5em (Landin)
Chapterm1m m PayrollmPracticesmandmSystemmFundamentals

1) Internalmpayrollmreportsmaremused mtominformmamfirm'smmanagersmand mdecision-
makersmabout mlabormcosts.

Answer:m TRUEmDiff
iculty:m1mEasy
Topic:m IdentifymLegislationmThat mPertainsmtomPayrollmand mBusiness
LearningmObjective:m 01-
01mIdentifymLegislationmThat mPertainsmtomPayrollmand mBusinessmBloom's:m Understand
AACSB:m CommunicationmAccessib
ility:m Keyboard mNavigation

2) ThemLillymLedbettermAct mof m2009mwasmthemfirst mact mthat mmandated mequalmpaymformmenmand mwo
menmwhomperformmidenticalmtasks.

Answer:m FALSE
Explanation:m ThemEqualmPaymAct mof m1963mwasmthemfirst mlegislationmthat maddressed mpaymequity.mDi
fficulty:m1mEasy
Topic:m IdentifymLegislationmThat mPertainsmtomPayrollmand mBusiness
LearningmObjective:m 01-
01mIdentifymLegislationmThat mPertainsmtomPayrollmand mBusinessmBloom's:m Remember
AACSB:m ReflectivemThinkingmAcce
ssibility:m Keyboard mNavigation

3) ThemAgemDiscriminationminmEmployment mAct m(ADEA)mprohibitsmdiscriminationminmemployme
nt mpracticesmformworkersmwhomaremoldermthanmagem50.

Answer:m FALSE
Explanation:m ADEA mprotectsmworkersmwhomaremoldermthanmagem40.mDifficu
lty:m1mEasy
Topic:m IdentifymLegislationmThat mPertainsmtomPayrollmand mBusiness
LearningmObjective:m 01-
01mIdentifymLegislationmThat mPertainsmtomPayrollmand mBusinessmBloom's:m Remember
AACSB:m Diversity
Accessibility:m Keyboard mNavigation

4) Payroll-related mlegislationmoftenmreflectsmemergingmissuesminmsocietalmevolution.

Answer:m TRUEmDiff
iculty:m2mMedium
Topic:m IdentifymLegislationmThat mPertainsmtomPayrollmand mBusiness
LearningmObjective:m 01-
01mIdentifymLegislationmThat mPertainsmtomPayrollmand mBusinessmBloom's:m Analyze
AACSB:m ReflectivemThinkingmAcce
ssibility:m Keyboard mNavigation
1
Copyright m©m2019 mMcGraw-HillmEducation.mAllmrightsmreserved.
No mreproduction mormdistribution mwithout mthempriormwritten mconsent mof mMcGraw-
HillmEducation.

,5) ThemWorker'smCompensationmAct mof m1935mlegislated mthempayment mof mworker'smcompensati
onminsurance.

Answer:m FALSE
Explanation:m Nomfederalmlegislationmexistsmregardingmthempayment mof mworker'smcompensationminsu
rance.
Difficulty:m1mEasy
Topic:m DiscussmthemLegalmFrameworkmSpecificmtomPayrollmAccounting
LearningmObjective:m 01-
02mDiscussmthemLegalmFrameworkmSpecificmtomPayrollmAccountingmBloom's:m Understand
AACSB:m CommunicationmAccessib
ility:m Keyboard mNavigation

6) Themethicalmprinciplemof mduemcarempertainsmtomthemupholdingmof mrightsmand mjustice
mof mstakeholders.




Answer:m FALSE
Explanation:m Themprinciplemof mduemcarempertainsmtomthemaccountant'smprofessionalmcompetence.mDi
fficulty:m2mMedium
Topic:m DiscussmthemEthicalmGuidelinesmformPayrollmAccounting
LearningmObjective:m 01-
03mDiscussmthemEthicalmGuidelinesmformPayrollmAccountingmBloom's:m Apply
AACSB:m Ethics
Accessibility:m Keyboard mNavigation

7) Payrollmaccountingmsystemsmmayminvolvemanmintegrated msoftwarempackagemthat mcontai
nsmbusiness-planningmtools.

Answer:m TRUEmDiff
iculty:m1mEasy
Topic:m IdentifymContemporarymPayrollmPractices
LearningmObjective:m 01-
04mIdentifymContemporarymPayrollmPracticesmBloom's:m Understand
AACSB:m Technologym Accessibilit
y:m Keyboard mNavigation

8) ThemIRSmusesmEINsmtomtrackmemployersmformtaxmpurposes.

Answer:m TRUEmDiff
iculty:m1mEasy
Topic:m IdentifymContemporarymPayrollmPractices
LearningmObjective:m 01-
04mIdentifymContemporarymPayrollmPracticesmBloom's:m Remember
AACSB:m CommunicationmAccessib
ility:m Keyboard mNavigation

2
Copyright m©m2019 mMcGraw-HillmEducation.mAllmrightsmreserved.
No mreproduction mormdistribution mwithout mthempriormwritten mconsent mof mMcGraw-
HillmEducation.

, 9) Thempayrollmvolumemtendsmtombemgreatermformsmallmcompaniesmthanmformlargembusinesses.

Answer:m FALSE
Explanation:m Payrollmvolumemismlowermformsmallmcompaniesmbecausemthemnumbermof memployeesm is
msmaller,mwhichmleadsmtomamlowermnumbermof mpayroll mtransaction.

Difficulty:m1mEasy
Topic:m ComparemPayrollmProcessingmOptionsmformDifferent mBusinesses
LearningmObjective:m 01-
05mComparemPayrollmProcessingmOptionsmformDifferent mBusinessesmBloom's:m Understand
AACSB:m ReflectivemThinkingmAcce
ssibility:m Keyboard mNavigation

10) Themusemof moutsourced mpayrollmrelievesmemployersmof mthemresponsibilitymformpayrollmaccuracy.

Answer:m FALSE
Explanation:m Thememployermismresponsiblemformpayrollmaccuracym regardlessmof mwhomprocessesm it.m
Difficulty:m2mMedium
Topic:m ComparemPayrollmProcessingmOptionsmformDifferent mBusinesses
LearningmObjective:m 01-
05mComparemPayrollmProcessingmOptionsmformDifferent mBusinessesmBloom's:m Analyze
AACSB:m ReflectivemThinkingmAcce
ssibility:m Keyboard mNavigation

11) ThemAgemDiscriminationminmEmployment mAct mof m1967mprevented mmandatorymretirement mf
ormworkersmovermthemagemof:
A) 55.
B) 50.
C) 45.
D) 40.

Answer:m DmDifficult
y:m1mEasy
Topic:m IdentifymLegislationmThat mPertainsmtomPayrollmand mBusiness
LearningmObjective:m 01-
01mIdentifymLegislationmThat mPertainsmtomPayrollmand mBusinessmBloom's:m Understand
AACSB:m Diversity
Accessibility:m Keyboard mNavigation




3
Copyright m©m2019 mMcGraw-HillmEducation.mAllmrightsmreserved.
No mreproduction mormdistribution mwithout mthempriormwritten mconsent mof mMcGraw-
HillmEducation.