iuytredytr
Test Bank Payroll Accounting 2024 10th Edition by Jeanette Landin
Answers Included
Chap 01 2024 Landin
1) Payroll errors can lead to underreported wages and staffing issues.
⊚ true
⊚ false
2) The Lilly Ledbetter Act of 2009 reinforced the provisions of the Current Tax Payment Act by
enforcing tax remittance within 180 days.
⊚ true
ST
⊚ false
3) The Occupational Safety and Health Act of 1970 added personal protective equipment
standards during 2020.
⊚ true
U
⊚ false
D
4) Employee retirement benefits are a recruiting and retention strategy used by businesses.
⊚ true
⊚ false
YN
5) The Family Medical Leave Act provided paid leave and guaranteed job retention for
employees.
⊚ true
⊚ false
ES
6) Workers may access partial Social Security retirement benefits at age 62.
⊚ true
⊚ false
T
7) The Fair Labor Standards Act has two levels of coverage: individual and enterprise.
⊚ true
⊚ false
1|Page
, iuytredytr
8) The ethical principle of integrity pertains to standards for remaining current with payroll
professional development and certification.
⊚ true
⊚ false
9) Contemporary payroll practices involve the use of cloud-based software.
⊚ true
⊚ false
ST
10) The use of payroll apps shifts the onus for payroll accuracy from the employer to the
employee.
⊚ true
⊚ false
U
11) The Personal Responsibility, Work and Family Promotion Act of 2002 mandated that new
D
employees must be reported to state employment offices within how many days of the
employee commencing employment?
A) 30
YN
B) 25
C) 20
D) 15
12) Which Act required the reporting of COVID-19-related leave?
ES
A) DOMA
B) ARPA
C) FMLA
D) FFCRA
T
13) During which decade were many landmark payroll legislation pieces enacted?
A) 1910s
B) 1920s
C) 1930s
D) 1940s
2|Page
, iuytredytr
14) Which federal act assists workers who are displaced through no fault of their own?
A) HIPAA
B) FUTA
C) SUTA
D) ERISA
15) As of 2023, at what age may people born after 1960 receive full Social Security retirement
benefits?
A) 62
ST
B) 65
C) 67
D) 69
U
16) Which Act created the classification of workers as exempt or nonexempt?
A) SSA
B) FICA
D
C) CTPA
D) FLSA
YN
17) Which of the following employer obligation is an insurance policy, not legislation?
A) Sarbanes-Oxley
B) Workers’ compensation
C) Walsh-Healey
D) Davis-Bacon
ES
18) Which ethical principle emphasizes the use of moral judgment in all actions?
A) Professionalism
B) Confidentiality
C) Integrity
T
D) Due Care
3|Page
, iuytredytr
19) Which of the following situations would not potentially comprise a payroll accountant’s
objectivity or independence, according to the PCAOB?
A) Personal or family ownership of <1 percent of company shares
B) Commitment to present or future financial interest in a client’s business
C) Personal engagement with a client’s firm in terms of ownership
D) Purchase of greater than five percent of the company’s shares
20) Employment legislation during the 1960s included which of the following Acts:
ST
A) FLSA, FUTA, and FICA.
B) Civil Rights Act, ADEA, and Equal Pay Act.
C) CTPA, FICA, and ERISA.
D) DOMA, FMLA, and PRWOR.
U
21) The main purpose of the Current Tax Payment Act was to:
A) ensure that all employees pay appropriate taxes.
B) maintain legal eligibility to work in the United States.
D
C) mandate employer remittance of taxes withheld from employees.
D) provide benefits for workers who were displaced from jobs.
YN
22) Which act adds monetary penalties for illegal discriminatory employer actions?
A) Civil Rights Act of 1964
B) Davis-Bacon Act
C) Americans with Disabilities Act
D) Civil Rights Act of 1991
ES
23) Which of the following legislation specifically pertains to government contractors?
A) ADEA and ERISA
B) Davis-Bacon Act and Walsh-Healey Act
C) FLSA and FICA
T
D) DOMA and FMLA
4|Page
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 StudyNest. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $19.99. You're not tied to anything after your purchase.
