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Solution Manual for Payroll Accounting.pdf

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SOLUTIONS MANUAL: CHAPTER 1 END OF CHAPTER ANSWERS ANSWERS TO STOP AND CHECK EXERCISES Which Law? 1. K 2. H 3. B 4. F 5. I 6. J 7. A 8. D 9. G 10. C 11. E

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  • November 14, 2023
  • 22
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
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akira11114684
SM 1-1




Solution Manual for Payroll Accounting
2020, 6th Edition, Jeanette Landin, Paulette
Schirmer

, SM 1-2


SOLUTIONS MANUAL: CHAPTER 1 END OF CHAPTER ANSWERS

ANSWERS TO STOP AND CHECK EXERCISES

Which Law?

1. K
2. H
3. B
4. F
5. I
6. J
7. A
8. D
9. G
10. C
11. E

Which Payroll Law?

1. D
2. A
3. F
4. C
5. G
6. J
7. B
8. I
9. E
10. H

What’s Ethical?

1. Answers will vary. Some concerns include data privacy and integrity in the software

switchover, tax and employee pay integrity on the new software, and employee pay methods.



2. Answers will vary. Liza could choose to ignore her sorority sister’s request, claiming

Confidentiality. She could also discontinue active participation in the sorority. In any case, Liza

must not consent to her sorority sister’s request for confidential information.

, SM 1-3


Confidential Records

As a payroll clerk, your task is to protect the privacy and confidentiality of the information you

maintain for the company. If a student group—or any personnel aside from the company’s

payroll employees and officers—wishes to review confidential records, you should deny their

request. If needed, you should refer the group to your department’s manager to discuss the matter

in more depth. The laws that apply to this situation are the Privacy Act of 1974, the Freedom of

Information Act, and potentially HIPAA.



Large vs. Small

1. Large companies face issues with multiple departments, employee access to online

personnel portals, employee data security, and timekeeping accuracy.

2. For small companies, the cost of outsourcing the payroll function needs to be considered.

On one hand, a small company may not have personnel who are proficient with payroll

regulations and tax reporting requirements, which leaves a company vulnerable to legal

actions and stringent fines. However, engaging a payroll service company may be cost

prohibitive. The decision to outsource the payroll for a small company should consider

the number of personnel, locations, and types of operations in which the company

engages.



What Is the Difference?

a. Manual payroll systems involve the use of paper and pencil recordkeeping or a

spreadsheet program, such as Microsoft Excel. This is most appropriate for very small

firms.

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