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Payroll Accounting 2016 26th Edition by Bieg - Test Bank
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1. The Federal Insurance Contributions Act levies a tax upon the gross earnings of self-employed persons. a. True b. False ANSWER: False POINTS: 1 2. FICA includes partnerships in its definition of employer. a. True b. False ANSWER: True POINTS: 1 3. In its def...

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  • August 19, 2023
  • 91
  • 2022/2023
  • Exam (elaborations)
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,Chapter 1
True / False

1. The current minimum wage set by the Fair Labor Standards Act is $7.25 per hour.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: PAYR.BIEG.14.1 - LO: 1
ACCREDITING STANDARDS: AICPA: v1-11 - FN-Reporting
Blooms Taxonomy-5 - Remembering
Business Program-3 - Analytic
DATE CREATED: 7/21/2015 2:09 PM
DATE MODIFIED: 7/21/2015 2:09 PM
QUESTION ID: JFND-GO4G-GJBD-1CNB
QUESTION GLOBAL ID: GCID-E7BW-1TBP-CRHG-RP5B-GEAU-GP33-8YHN-4AUB-CAHN-4C33-GO4N-
4PDF-G711-4P5R-GYHD-CCBT-8FDI-GWN8-EPRW-EMJ1-8BOU-EAT1-CT1U-
GP3S-GYSU-O3DD-8YSU-GQDG-GOSS-CPTA-CRSS-NQBT-CRHU-KPB3-E7JI-
YT4D-JFNN-4OTI-GO4W-NQNBEE
INSTRUCTION GLOBAL ID: GCID-3e30ab753251-f54b-27b4-1537-81a903e5

2. The FLSA imposes no recordkeeping requirements on employers.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: PAYR.BIEG.14.2 - LO: 1
ACCREDITING STANDARDS: AICPA: v1-11 - FN-Reporting
Blooms Taxonomy-5 - Remembering
Business Program-3 - Analytic
DATE CREATED: 7/21/2015 2:09 PM
DATE MODIFIED: 7/21/2015 2:09 PM
QUESTION ID: JFND-GO4G-GJBD-1CB3
QUESTION GLOBAL ID: GCID-E7BW-1TBP-CRHG-RP5B-GEAU-GP33-8YHN-4AUB-CAHN-4C33-GO4N-
4PDF-G711-4P5R-GYHD-CCBT-8FDI-GWN8-EPRW-EMJ1-CTOS-KC3S-GTTD-
QPBO-8YSS-EPTA-CRSS-CPMN-GOSU-EPMR-CCSU-KQJO-8R5D-N3BU-E7JI-
YT4D-JFNN-4OTI-GO4W-NQNBEE
INSTRUCTION GLOBAL ID: GCID-3e30ab753251-f54b-27b4-1537-81a903e5

3. The employer is required by the FLSA to display a poster that informs employees of the provisions of the law.
a. True
Cengage Learning Testing, Powered by Cognero Page 1

,Chapter 1
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: PAYR.BIEG.14.3 - LO: 1
ACCREDITING STANDARDS: AICPA: v1-11 - FN-Reporting
Blooms Taxonomy-5 - Remembering
Business Program-3 - Analytic
DATE CREATED: 7/21/2015 2:09 PM
DATE MODIFIED: 7/21/2015 2:09 PM
QUESTION ID: JFND-GO4G-GJBD-1CBA
QUESTION GLOBAL ID: GCID-E7BW-1TBP-CRHG-RP5B-GEAU-GP33-8YHN-4AUB-CAHN-4C33-GO4N-
4PDF-G711-4P5R-GYHD-CCBT-8FDI-GWN8-EPRW-EMJI-CFTS-KA5G-CA5S-NP3I-
GHSU-OCBS-8YSU-NCT1-GOSS-RA5N-GASS-K3T1-CTTG-EPTZ-E7JI-YT4D-JFNN-
4OTI-GO4W-NQNBEE
INSTRUCTION GLOBAL ID: GCID-3e30ab753251-f54b-27b4-1537-81a903e5

4. All states have set their minimum wage to be the same as the federal government.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: PAYR.BIEG.14.4 - LO: 1
ACCREDITING STANDARDS: AICPA: v1-11 - FN-Reporting
Blooms Taxonomy-5 - Remembering
Business Program-3 - Analytic
DATE CREATED: 7/21/2015 2:09 PM
DATE MODIFIED: 7/21/2015 2:09 PM
QUESTION ID: JFND-GO4G-GJBD-1CNG
QUESTION GLOBAL ID: GCID-E7BW-1TBP-CRHG-RP5B-GEAU-GP33-8YHN-4AUB-CAHN-4C33-GO4N-
4PDF-G711-4P5R-GYHD-CCBT-8FDI-GWN8-EPRW-EMMN-CA4D-1PBZ-CC3G-
CC3I-GCSS-KAJI-8YSU-NPBW-GOSU-EC3A-8RSU-GCUD-GFUD-QPTI-E7JI-YT4D-
JFNN-4OTI-GO4W-NQNBEE
INSTRUCTION GLOBAL ID: GCID-3e30ab753251-f54b-27b4-1537-81a903e5

5. Under the Federal Insurance Contributions Act, the Medicare portion of the tax is only paid by the employer.
a. True
b. False
ANSWER: False
POINTS: 1

Cengage Learning Testing, Powered by Cognero Page 2

, Chapter 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: PAYR.BIEG.14.5 - LO: 1
ACCREDITING STANDARDS: AICPA: v1-11 - FN-Reporting
Blooms Taxonomy-5 - Remembering
Business Program-3 - Analytic
DATE CREATED: 7/21/2015 2:09 PM
DATE MODIFIED: 8/20/2015 6:44 PM
QUESTION ID: JFND-GO4G-GJBD-1CNF
QUESTION GLOBAL ID: GCID-E7BW-1TBP-CRHG-RP5B-GEAU-GP33-8YHN-4AUB-CAHN-4C33-GO4N-
4PDF-G711-4P5R-GYHD-CCBT-8FDI-GWN8-EPRW-EMJZ-GEAU-CA3O-GHHD-
OCTW-COSU-EAUD-CESS-KCDB-GOSU-EA3A-GYSS-CPBO-GT1D-1CBZ-E7JI-
YT4D-JFNN-4OTI-GO4W-NQNBEE
INSTRUCTION GLOBAL ID: GCID-3e30ab753251-f54b-27b4-1537-81a903e5

6. The FLSA provides health insurance for the aged and disabled (Medicare).
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: PAYR.BIEG.14.6 - LO: 1
ACCREDITING STANDARDS: AICPA: v1-11 - FN-Reporting
Blooms Taxonomy-5 - Remembering
Business Program-3 - Analytic
DATE CREATED: 7/21/2015 2:09 PM
DATE MODIFIED: 7/21/2015 2:09 PM
QUESTION ID: JFND-GO4G-GJBD-1CNR
QUESTION GLOBAL ID: GCID-E7BW-1TBP-CRHG-RP5B-GEAU-GP33-8YHN-4AUB-CAHN-4C33-GO4N-
4PDF-G711-4P5R-GYHD-CCBT-8FDI-GWN8-EPRW-EMMR-GA5D-1C3I-CP1D-
YCJA-8YSU-NCDG-CRSU-CPBT-GOSS-ECUG-COSS-ECBO-GH3D-O3TS-E7JI-
YT4D-JFNN-4OTI-GO4W-NQNBEE
INSTRUCTION GLOBAL ID: GCID-3e30ab753251-f54b-27b4-1537-81a903e5

7. The tax paid to the federal government for unemployment taxes is used for paying state and federal administrative
expenses of the unemployment program.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
Cengage Learning Testing, Powered by Cognero Page 3

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