100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Payroll Accounting 5Th Ed by Jeanette Landin - Test Bank £24.49   Add to cart
Quickly navigate to
Preview
  2.  
  3. Accounting
  4.  
  5. Accounting
  6.  
  7. Accounting

Exam (elaborations)

Payroll Accounting 5Th Ed by Jeanette Landin - Test Bank
 3 views  0 purchase

Test Bank For Payroll Accounting 5Th Ed by Jeanette Landin Complete Test Bank

Preview 4 out of 261  pages

Document information

  • October 8, 2023
  • 261
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

Written for

All documents for this subject (1261)

Seller

avatar-seller
ExamsExpert

Reviews received

Content preview

,Payroll Accounting 2019, 5e (Landin)
Chapter 1 Payroll Practices and System Fundamentals

1) Internal payroll reports are used to inform a firm's managers and decision-makers about labor
costs.

Answer: TRUE
Difficulty: 1 Easy
Topic: Identify Legislation That Pertains to Payroll and Business
Learning Objective: 01-01 Identify Legislation That Pertains to Payroll and Business
Bloom's: Understand
AACSB: Communication
Accessibility: Keyboard Navigation

2) The Lilly Ledbetter Act of 2009 was the first act that mandated equal pay for men and women
who perform identical tasks.

Answer: FALSE
Explanation: The Equal Pay Act of 1963 was the first legislation that addressed pay equity.
Difficulty: 1 Easy
Topic: Identify Legislation That Pertains to Payroll and Business
Learning Objective: 01-01 Identify Legislation That Pertains to Payroll and Business
Bloom's: Remember
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation

3) The Age Discrimination in Employment Act (ADEA) prohibits discrimination in employment
practices for workers who are older than age 50.

Answer: FALSE
Explanation: ADEA protects workers who are older than age 40.
Difficulty: 1 Easy
Topic: Identify Legislation That Pertains to Payroll and Business
Learning Objective: 01-01 Identify Legislation That Pertains to Payroll and Business
Bloom's: Remember
AACSB: Diversity
Accessibility: Keyboard Navigation

4) Payroll-related legislation often reflects emerging issues in societal evolution.

Answer: TRUE
Difficulty: 2 Medium
Topic: Identify Legislation That Pertains to Payroll and Business
Learning Objective: 01-01 Identify Legislation That Pertains to Payroll and Business
Bloom's: Analyze
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
1
Copyright © 2019 McGraw-Hill Education. All rights reserved.
No reproduction or distribution without the prior written consent of McGraw-Hill Education.

,5) The Worker's Compensation Act of 1935 legislated the payment of worker's compensation
insurance.

Answer: FALSE
Explanation: No federal legislation exists regarding the payment of worker's compensation
insurance.
Difficulty: 1 Easy
Topic: Discuss the Legal Framework Specific to Payroll Accounting
Learning Objective: 01-02 Discuss the Legal Framework Specific to Payroll Accounting
Bloom's: Understand
AACSB: Communication
Accessibility: Keyboard Navigation

6) The ethical principle of due care pertains to the upholding of rights and justice of
stakeholders.

Answer: FALSE
Explanation: The principle of due care pertains to the accountant's professional competence.
Difficulty: 2 Medium
Topic: Discuss the Ethical Guidelines for Payroll Accounting
Learning Objective: 01-03 Discuss the Ethical Guidelines for Payroll Accounting
Bloom's: Apply
AACSB: Ethics
Accessibility: Keyboard Navigation

7) Payroll accounting systems may involve an integrated software package that contains
business-planning tools.

Answer: TRUE
Difficulty: 1 Easy
Topic: Identify Contemporary Payroll Practices
Learning Objective: 01-04 Identify Contemporary Payroll Practices
Bloom's: Understand
AACSB: Technology
Accessibility: Keyboard Navigation

8) The IRS uses EINs to track employers for tax purposes.

Answer: TRUE
Difficulty: 1 Easy
Topic: Identify Contemporary Payroll Practices
Learning Objective: 01-04 Identify Contemporary Payroll Practices
Bloom's: Remember
AACSB: Communication
Accessibility: Keyboard Navigation

2
Copyright © 2019 McGraw-Hill Education. All rights reserved.
No reproduction or distribution without the prior written consent of McGraw-Hill Education.

, 9) The payroll volume tends to be greater for small companies than for large businesses.

Answer: FALSE
Explanation: Payroll volume is lower for small companies because the number of employees is
smaller, which leads to a lower number of payroll transaction.
Difficulty: 1 Easy
Topic: Compare Payroll Processing Options for Different Businesses
Learning Objective: 01-05 Compare Payroll Processing Options for Different Businesses
Bloom's: Understand
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation

10) The use of outsourced payroll relieves employers of the responsibility for payroll accuracy.

Answer: FALSE
Explanation: The employer is responsible for payroll accuracy regardless of who processes it.
Difficulty: 2 Medium
Topic: Compare Payroll Processing Options for Different Businesses
Learning Objective: 01-05 Compare Payroll Processing Options for Different Businesses
Bloom's: Analyze
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation

11) The Age Discrimination in Employment Act of 1967 prevented mandatory retirement for
workers over the age of:
A) 55.
B) 50.
C) 45.
D) 40.

Answer: D
Difficulty: 1 Easy
Topic: Identify Legislation That Pertains to Payroll and Business
Learning Objective: 01-01 Identify Legislation That Pertains to Payroll and Business
Bloom's: Understand
AACSB: Diversity
Accessibility: Keyboard Navigation




3
Copyright © 2019 McGraw-Hill Education. All rights reserved.
No reproduction or distribution without the prior written consent of McGraw-Hill Education.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

Quick and easy check-out

You can quickly pay through credit card for the summaries. There is no membership needed.

Focus on what matters

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 ExamsExpert. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for £24.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

81298 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now

Start selling
£24.49
  • (0)
  Add to cart