Exam 1 Payroll and tax accounting 2024/2025 with 100% correct answers
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Course
E1 Payroll and tax accounting
Institution
E1 Payroll And Tax Accounting
CH1 ASSIGNMENT
Lupore Fabrics obtained a contract in Watts Mills, South Carolina, that involves the production of materials for military uniforms, a project contracted with the federal government for $2,800,000. What laws govern the wages Lupore Fabrics pays to its workers for this project? ( c...
Lupore Fabrics obtained a contract in Watts Mills, South Carolina, that involves the production of
materials for military uniforms, a project contracted with the federal government for $2,800,000. What
laws govern the wages Lupore Fabrics pays to its workers for this project? ( correct answersDavis-Bacon
ActCorrect
Walsh-Healey ActCorrect
FLSA-Fair Labor Standards Act
Martine Piccirillo works as the payroll clerk for Centinix, a security company that hires many part-time
and temporary workers who are paid hourly. What law governs the hiring or documenting of these
workers? correct answersFLSA
IRCA
Choose the correct definition for Consolidated Appropriations Act. correct answersProvided funding for
the E-Verify program.
Choose the correct definition for ADP and Paychex®. correct answersExamples of companies used for
outsourcing payroll processing.
Choose the correct definition for Davis-Bacon Act. correct answersGoverns accounting for firms with
federal government contracts in excess of $2,000.
MANUAL PAYROLL correct answersPayroll administration using a paper payroll register.
AUDITOR correct answersA person or group who examines a company's accounting records for accuracy.
TIMECARD correct answersA record of the time worked during a period for an individual employee.
, Jackson Wyman was dismissed from his employment at Precision Dynamics because of an incident
regarding his race. Mr. Wyman sued Precision Dynamics for $150,000 because of the discrimination.
Which of the following laws provides for monetary awards during discrimination lawsuits? correct
answersCIVIL RIGHT ACT OF 1991
Ovenet Incorporated is a qualified private-sector company that provides health insurance to its
employees. The company is self-insured. Which of the following forms should the company provide its
employees to comply with the Affordable Care Act? correct answers1095-B
OUTSOURCED PAYROLL correct answersThe use of an external company to track time and benefits and
pay employees.
TIME COLLECTION correct answersThe process of gathering information about hours worked for one or
more employees.
Kevin Magnus is a payroll accountant for Mama Bear Trading Company. A coworker from the packaging
department contacts Kevin via electronic communication and requests to see all employees' payroll
records for a specific payroll date. What are options available for Kevin? correct answers-The Privacy Act
of 1974 would protect the individual's information from being disclosed.
-Email request should be subject to additional scrutiny.
Kalea Germain is a warehouse worker for a small grocery market. As she was moving some merchandise,
the loading dock door unexpectedly fell and injured her. How does OSHA apply to Kalea for this type of
injury? correct answers-Workers compensation insurance will provide for the coverage of wage
compensation for the employee and covered medical expenses should the company's work
environment, and not employee error, be found at fault.
-In this type of situation, there would be an OSHA inspection to ensure that the working environment
was not the cause of the injury.
-Another legal provision is that she may be protected under FMLA; she may have to take unpaid leave if
she does not have leave available, but her employment and medical benefits would be guaranteed.
Libbi Alberighi and Flavia van Peij are friends who work for the same company. Libbi manages a
manufacturing department, and Flavia supervises the payroll clerks. Which ethical guidelines or rules
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