Exam (elaborations)
Test Bank For Payroll Accounting 5th Edition;9781260247978 By Jeanette Landin | Complete Guide.
Test Bank For Payroll Accounting 5th Edition;9781260247978 By Jeanette Landin | Complete Guide.
[Show more]
Connected book
Book Title:
Author(s):
- Edition:
- ISBN:
- Edition:
Content preview
,Payroll0Accounting02019,05e0(Landin)Chapter010 Payroll0Practices0and0System0Fundamentals
1) Internal0payroll0reports0are0used0to0inform0a0firm's0managers0and0decision-
makers0about0labor0costs.
Answer:0TRUE0
Difficulty:010Easy
Topic:0 Identify0Legislation0That0Pertains0to0Payroll0and0Business
Learning0Objective:0 01-
010Identify0Legislation0That0Pertains0to0Payroll0and0Business0Bloom's:0Understand
AACSB:0Communication0Accessibi
lity:0 Keyboard0Navigation
2) The0Lilly0Ledbetter0Act0of020090was0the0first0act0that0mandated0equal0pay0for0men0and0women0
who0perform0identical0tasks.
Answer:0 FALSE
Explanation:0 The0Equal0Pay0Act0of019630was0the0first0legislation0that0addressed0pay0equity.0Diffic
ulty:010Easy
Topic:0 Identify0Legislation0That0Pertains0to0Payroll0and0Business
Learning0Objective:0 01-
010Identify0Legislation0That0Pertains0to0Payroll0and0Business0Bloom's:0Remember
AACSB:0Reflective0Thinking0Acces
sibility:0 Keyboard0Navigation
3) The0Age0Discrimination0in0Employment0Act0(ADEA)0prohibits0discrimination0in0employment0
practices0for0workers0who0are0older0than0age050.
Answer:0 FALSE
Explanation:0ADEA0protects0workers0who0are0older0than0age040.0Dif
ficulty:010Easy
Topic:0 Identify0Legislation0That0Pertains0to0Payroll0and0Business
Learning0Objective:0 01-
010Identify0Legislation0That0Pertains0to0Payroll0and0Business0Bloom's:0Remember
AACSB:0 Diversity
Accessibility:0 Keyboard0Navigation
4) Payroll-related0legislation0often0reflects0emerging0issues0in0societal0evolution.
Answer:0TRUE0Diffi
culty:020Medium
Topic:0 Identify0Legislation0That0Pertains0to0Payroll0and0Business
Learning0Objective:0 01-
010Identify0Legislation0That0Pertains0to0Payroll0and0Business0Bloom's:0Analyze
AACSB:0Reflective0Thinking0Acces
sibility:0 Keyboard0Navigation
1
Copyright0©020190McGraw-Hill0Education.0All0rights0reserved.
No0reproduction0or0distribution0without0the0prior0written0consent0of0McGraw-
Hill0Education.
,5) The0Worker's0Compensation0Act0of019350legislated0the0payment0of0worker's0compensation0
insurance.
Answer:0 FALSE
Explanation:0 No0federal0legislation0exists0regarding0the0payment0of0worker's0compensation0insuran
ce.
Difficulty:010Easy
Topic:0 Discuss0the0Legal0Framework0Specific0to0Payroll0Accounting
Learning0Objective:0 01-
020Discuss0the0Legal0Framework0Specific0to0Payroll0Accounting0Bloom's:0Understand
AACSB:0Communication0Accessibi
lity:0 Keyboard0Navigation
6) The0ethical0principle0of0due0care0pertains0to0the0upholding0of0rights0and0justice0of
0stakeholders.
Answer:0 FALSE
Explanation:0 The0principle0of0due0care0pertains0to0the0accountant's0professional0competence.0
Difficulty:020Medium
Topic:0 Discuss0the0Ethical0Guidelines0for0Payroll0Accounting
Learning0Objective:0 01-
030Discuss0the0Ethical0Guidelines0for0Payroll0Accounting0Bloom's:0Apply
AACSB:0 Ethics
Accessibility:0 Keyboard0Navigation
7) Payroll0accounting0systems0may0involve0an0integrated0software0package0that0contains0
business-planning0tools.
Answer:0TRUE0
Difficulty:010Easy
Topic:0 Identify0Contemporary0Payroll0Practices
Learning0Objective:0 01-
040Identify0Contemporary0Payroll0Practices0Bloom's:0Understand
AACSB:0 Technology
Accessibility:0 Keyboard0Navigation
8) The0IRS0uses0EINs0to0track0employers0for0tax0purposes.
Answer:0TRUE0
Difficulty:010Easy
Topic:0 Identify0Contemporary0Payroll0Practices
Learning0Objective:0 01-
040Identify0Contemporary0Payroll0Practices0Bloom's:0Remember
AACSB:0Communication0Accessibi
lity:0 Keyboard0Navigation
2
Copyright0©020190McGraw-Hill0Education.0All0rights0reserved.
No0reproduction0or0distribution0without0the0prior0written0consent0of0McGraw-
Hill0Education.
, 9) The0payroll0volume0tends0to0be0greater0for0small0companies0than0for0large0businesses.
Answer:0 FALSE
Explanation:0Payroll0volume0is0lower0for0small0companies0because0the0number0of0employees0is0sm
aller,0which0leads0to0a0lower0number0of0payroll0transaction.
Difficulty:010Easy
Topic:0 Compare0Payroll0Processing0Options0for0Different0Businesses
Learning0Objective:0 01-
050Compare0Payroll0Processing0Options0for0Different0Businesses0Bloom's:0Understand
AACSB:0Reflective0Thinking0Acces
sibility:0 Keyboard0Navigation
10) The0use0of0outsourced0payroll0relieves0employers0of0the0responsibility0for0payroll0accuracy.
Answer:0 FALSE
Explanation:0The0employer0is0responsible0for0payroll0accuracy0regardless0of0who0processes0it.0Diffi
culty:020Medium
Topic:0 Compare0Payroll0Processing0Options0for0Different0Businesses
Learning0Objective:0 01-
050Compare0Payroll0Processing0Options0for0Different0Businesses0Bloom's:0Analyze
AACSB:0Reflective0Thinking0Acces
sibility:0 Keyboard0Navigation
11) The0Age0Discrimination0in0Employment0Act0of019670prevented0mandatory0retirement0for
0workers0over0the0age0of:
A)055.
B)050.
C)045.
D)040.
Answer:0D0Diffic
ulty:010Easy
Topic:0 Identify0Legislation0That0Pertains0to0Payroll0and0Business
Learning0Objective:0 01-
010Identify0Legislation0That0Pertains0to0Payroll0and0Business0Bloom's:0Understand
AACSB:0 Diversity
Accessibility:0 Keyboard0Navigation
3
Copyright0©020190McGraw-Hill0Education.0All0rights0reserved.
No0reproduction0or0distribution0without0the0prior0written0consent0of0McGraw-
Hill0Education.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller TESTBANKPROFESSOR1. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $18.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
72964 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now