CPP PAYROLL ACTUAL 2026 QUESTIONS AND
100% CORRECT ANSWERS
Save
Terms in this set (261)
retention records: How long for 4 years (3 is 4)
IRS?
reduceing taxable income: 401k note
come out of fed. cafe comes out of
all FIT, SS and MED
What does Fair Labor Standards Act 1. Overtime
regulate? 2. Minimum rate of pay
3. Child Labor Laws
4. Equal pay
retention records: How long for 3 years (4 is 3)
FLSA? 3 yeas after the last date of entry or 3 years from
the last date they were effective
What records for FLSA must be Beginning of workweek
kept for 3 years after the last date Housre worked each workday
of entry? Regular rate of pay
Overtime premium earnings
Additions and deductions from wages
,What records for FLSA must be Collective Bargaining agreements
kept for 3 years after the last date Records showing total sales volume and goods
they were effective? purchased
What are the five areas regulated Minimum Wage
by the Fair Labor Standards Act? Overtime
Child Labor
Equal pay
Recordkeeping
Under FLSA, what are the Under enterprise coverage, all the employees of
differences between enterprise a business are covered y the FLSA so long as a
coverage and individual employee least two employees of the business are
coverage? engaged in interstate commerce or involved in
the production of goods or services for interstate
commerce, and the business had annual gross
sales of at least $500,000.
Individual employees can e covered even if the
business is not a covered enterprise if the
employee is engaged in interstate commerce or
the production of goods for interstate
commerce.
What is the basic difference Exempt employees do not have to be paid the
between exempt and nonexempt required minimum wage or overtime pay, and the
employees? employer does not have to keep certain records
detailing their work - while nonexempt
employees must be paid the required minimum
wage and overtime pay and the employer must
keep detailed records of their work hours and
wage payments.
What is the limit for filing an FLSA The time limit is two years after the alleged
complaint with the Wage and Hours violations or three years if the violation was
Division willful.
, A plan similar to the fluctuating The plan is called the "Belo" plan, named after
workweek plan was approved by the company involved in the Supreme Court's
the U.S. Supreme Court and later decision, and the plan guarantees a fixed salary
made part of the FLSA and its for irregular hours that includes a set amount of
regulations. What is this plan called, overtime pay.
and what does it provide?
What is the meaning of the term "compensable time" is defined as all hours during
"compensable time"? which the employee is under the employer's
control, even if the time is unproductive, so long
as he time is spent for the employer's benefit.
The "white collar" exemption from the following categories of employees make up
minimum wage and overtime the "white collar" exemption under FLSA:
provisions of the FLSA is made up
of what categories of employees. Administrative
Executive
Professional
Computer-related professional
Outside Sales
What questions must be answered The following questions must be answered to
before overtime pay can be properly calculate overtime pay:
calculated?
What is he employee's workweek?
What constitutes hours worked?
What payments made to the employee are
considered wages?
What is the employee's regular rate of pay?
100% CORRECT ANSWERS
Save
Terms in this set (261)
retention records: How long for 4 years (3 is 4)
IRS?
reduceing taxable income: 401k note
come out of fed. cafe comes out of
all FIT, SS and MED
What does Fair Labor Standards Act 1. Overtime
regulate? 2. Minimum rate of pay
3. Child Labor Laws
4. Equal pay
retention records: How long for 3 years (4 is 3)
FLSA? 3 yeas after the last date of entry or 3 years from
the last date they were effective
What records for FLSA must be Beginning of workweek
kept for 3 years after the last date Housre worked each workday
of entry? Regular rate of pay
Overtime premium earnings
Additions and deductions from wages
,What records for FLSA must be Collective Bargaining agreements
kept for 3 years after the last date Records showing total sales volume and goods
they were effective? purchased
What are the five areas regulated Minimum Wage
by the Fair Labor Standards Act? Overtime
Child Labor
Equal pay
Recordkeeping
Under FLSA, what are the Under enterprise coverage, all the employees of
differences between enterprise a business are covered y the FLSA so long as a
coverage and individual employee least two employees of the business are
coverage? engaged in interstate commerce or involved in
the production of goods or services for interstate
commerce, and the business had annual gross
sales of at least $500,000.
Individual employees can e covered even if the
business is not a covered enterprise if the
employee is engaged in interstate commerce or
the production of goods for interstate
commerce.
What is the basic difference Exempt employees do not have to be paid the
between exempt and nonexempt required minimum wage or overtime pay, and the
employees? employer does not have to keep certain records
detailing their work - while nonexempt
employees must be paid the required minimum
wage and overtime pay and the employer must
keep detailed records of their work hours and
wage payments.
What is the limit for filing an FLSA The time limit is two years after the alleged
complaint with the Wage and Hours violations or three years if the violation was
Division willful.
, A plan similar to the fluctuating The plan is called the "Belo" plan, named after
workweek plan was approved by the company involved in the Supreme Court's
the U.S. Supreme Court and later decision, and the plan guarantees a fixed salary
made part of the FLSA and its for irregular hours that includes a set amount of
regulations. What is this plan called, overtime pay.
and what does it provide?
What is the meaning of the term "compensable time" is defined as all hours during
"compensable time"? which the employee is under the employer's
control, even if the time is unproductive, so long
as he time is spent for the employer's benefit.
The "white collar" exemption from the following categories of employees make up
minimum wage and overtime the "white collar" exemption under FLSA:
provisions of the FLSA is made up
of what categories of employees. Administrative
Executive
Professional
Computer-related professional
Outside Sales
What questions must be answered The following questions must be answered to
before overtime pay can be properly calculate overtime pay:
calculated?
What is he employee's workweek?
What constitutes hours worked?
What payments made to the employee are
considered wages?
What is the employee's regular rate of pay?
