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Payroll Ch. 2 Identify Important Payroll Procedures and Pay Cycles exam with 100% correct answers $15.99
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Payroll Ch. 2 Identify Important Payroll Procedures and Pay Cycles exam with 100% correct answers
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  • Payroll Ch. 2 Identify Important Payroll Procedure

Certain states, counties, and municipalities have enacted a living wage connected to changes in the: correct answersConsumer Price Index (CPI) Under the BLANK BLANK BLANK Act, certain items are required in every employee's file. correct answersfair labor standards What are three important que...

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  • September 17, 2024
  • 13
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • payroll ch 2 identify important payroll procedure

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  • Payroll Ch. 2 Identify Important Payroll Procedure
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Payroll Ch. 2 Identify Important Payroll
Procedures and Pay Cycles

Certain states, counties, and municipalities have enacted a living wage connected to changes in the:
correct answersConsumer Price Index (CPI)



Under the BLANK BLANK BLANK Act, certain items are required in every employee's file. correct
answersfair labor standards



What are three important questions that an employer should ask when creating a payroll system?
correct answersHow will the company handle employee terminations?

How does the company handle governmental compliance?

How will the company handle employees who transfer between departments?



Which of the following are pay frequencies commonly used by employers? correct answersWeekly

Biweekly

Monthly

Semi-monthly



What is one difference between an employee and an independent contractor? correct answersThe
employer does not provide tools to independent contractors.



The BLANK BLANK is an amount of money needed to meet subsistence needs. correct answersliving
wage



What are the criteria used in the determination of a worker as an employee? (Select all that apply)
correct answersWork direction

Material contribution

, Which of the following items are required in every employee's payroll file? correct answersRegular
hourly pay rate

Employee's full name



Which of the following are questions that an employer should address when establishing a payroll
system? correct answersHow will employee transfers between departments be handled?

How will the company handle new hires?

What are the termination procedures?



The determination of BLANK BLANK is the first payroll item that must be established. correct answerspay
cycle



Which of the following is true about independent contractors? correct answersIndependent contractors
are not considered employees.

Independent contractors control the manner in which they complete their work.



Which of the following is true about independent contractors? correct answersIndependent contractors
are not subject to FLSA provisions regarding hourly wages and overtime.



List the purposes for new hire reporting (Check all that apply). correct answersChild support tracking

Immigration agency records

Communication of professional violations

Administration of COBRA benefits



Which of the following items are not required in every employee's payroll file? correct answersPrevious
year's year-to-date earnings



What is the minimum penalty per employee for non-reporting of new employees? correct answers$25



A contemporary issue for employee versus independent contractor designation has been the growing
BLANK BLANK correct answersgig economy

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