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Payroll EXAMS BUNDLE-Questions with Correct Answers/ Latest Update/ Complete And Accurate / 100% Pass
Payroll EXAMS BUNDLE-Questions with Correct Answers/ Latest Update/ Complete And Accurate / 100% Pass
[Show more]Payroll EXAMS BUNDLE-Questions with Correct Answers/ Latest Update/ Complete And Accurate / 100% Pass
[Show more]14. At the time that the entry is made to record the employers payroll taxes, the SUTA tax is 
recorded at the net amount (0.6%). 
A) True 
B) False - B) False 
15. The adjusting entry to record the accrued vacation pay at the end of an accounting 
period includes credits to the tax withholding liab...
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Add to cart14. At the time that the entry is made to record the employers payroll taxes, the SUTA tax is 
recorded at the net amount (0.6%). 
A) True 
B) False - B) False 
15. The adjusting entry to record the accrued vacation pay at the end of an accounting 
period includes credits to the tax withholding liab...
True - The current minimum wage set by the Fair Labor Standards Act is $7.25 per hour 
False - The FLSA imposes no record keeping requirements on employers 
True - The employer is required by the FLSA to display a poster that informs employees 
of the provisions of the law 
False - All states have s...
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Add to cartTrue - The current minimum wage set by the Fair Labor Standards Act is $7.25 per hour 
False - The FLSA imposes no record keeping requirements on employers 
True - The employer is required by the FLSA to display a poster that informs employees 
of the provisions of the law 
False - All states have s...
False - Under the FLSA enterprise coverage test, hospitals and nursing homes are only 
covered if their annual charges for services are at least $500,000. 
True - Institutions of higher education are extended coverage under FLSA without 
regard to their annual sales volume. 
False - If a business do...
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Add to cartFalse - Under the FLSA enterprise coverage test, hospitals and nursing homes are only 
covered if their annual charges for services are at least $500,000. 
True - Institutions of higher education are extended coverage under FLSA without 
regard to their annual sales volume. 
False - If a business do...
Objective of the Payroll Function - Pay employees accurately and on time, in compliance 
with legislative requirements for a full annual payroll cycle 
Payroll definition - is the process of paying employees in exchange for the services they 
perform. 
4 Possible Meanings of Payroll - 1. The departm...
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Add to cartObjective of the Payroll Function - Pay employees accurately and on time, in compliance 
with legislative requirements for a full annual payroll cycle 
Payroll definition - is the process of paying employees in exchange for the services they 
perform. 
4 Possible Meanings of Payroll - 1. The departm...
The Canada Labour Code is legislation that deals with - consolidates statutes regarding 
industrial relations, occupational health and safety and employment standards 
An employee is working increased hours per day, but fewer days per week. This is referred 
to as: - a compressed work week 
The Onta...
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Add to cartThe Canada Labour Code is legislation that deals with - consolidates statutes regarding 
industrial relations, occupational health and safety and employment standards 
An employee is working increased hours per day, but fewer days per week. This is referred 
to as: - a compressed work week 
The Onta...
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Federal Canada Labour Code - Every employer and employee in Canada is covered under 
either the federal Canada Labour Code, Part III (CLC) labour standards legislation or 
provincial/territorial employment/labour standards legislation. Approximately 6% of the 
Canadian workforce is covered by the CL...
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Add to cartFederal Canada Labour Code - Every employer and employee in Canada is covered under 
either the federal Canada Labour Code, Part III (CLC) labour standards legislation or 
provincial/territorial employment/labour standards legislation. Approximately 6% of the 
Canadian workforce is covered by the CL...
Under enterprise coverage, all employees of a business are covered by the FLSA if the organization 
is: - a public agency. 
a hospital. 
a nursing home. 
Under individual employee coverage, the worker is covered by the FLSA if: - The domestic 
receives cash wages of at least $1,900 from the employer...
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Add to cartUnder enterprise coverage, all employees of a business are covered by the FLSA if the organization 
is: - a public agency. 
a hospital. 
a nursing home. 
Under individual employee coverage, the worker is covered by the FLSA if: - The domestic 
receives cash wages of at least $1,900 from the employer...
The federal unemployment tax is imposed on employers, and thus, is not deducted from 
employees 'wages - True 
1. The taxable wage base for FUTA is __$7000.00______ for 2017 - True 
2. The maximum credit permitted against FUTA tax is 4.5 percent (75% of 6%). - False 
5.4 % (90% of 6%) 
Educational ...
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Add to cartThe federal unemployment tax is imposed on employers, and thus, is not deducted from 
employees 'wages - True 
1. The taxable wage base for FUTA is __$7000.00______ for 2017 - True 
2. The maximum credit permitted against FUTA tax is 4.5 percent (75% of 6%). - False 
5.4 % (90% of 6%) 
Educational ...
Progressive Tax - Tax, such as Federal income tax, that takes a larger share of income as 
amount of income grows 
Sales Tax - An example of a regressive tax, a regressive tax takes a larger percentage of 
income from those who make less money 
The form W-4 is completed by - EMPLOYEE (you) 
Employer...
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Add to cartProgressive Tax - Tax, such as Federal income tax, that takes a larger share of income as 
amount of income grows 
Sales Tax - An example of a regressive tax, a regressive tax takes a larger percentage of 
income from those who make less money 
The form W-4 is completed by - EMPLOYEE (you) 
Employer...
153 - As of December 6, Joe's year to date wages are $112400. On December 7, 2013, he 
is due $2000. How much FICA tax should the employer withhold from this payment? 
3 - 2. How many days after a full time employee starts to work does an employer have 
to complete the I-9? 
SS-5 - Which form does ...
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Add to cart153 - As of December 6, Joe's year to date wages are $112400. On December 7, 2013, he 
is due $2000. How much FICA tax should the employer withhold from this payment? 
3 - 2. How many days after a full time employee starts to work does an employer have 
to complete the I-9? 
SS-5 - Which form does ...
gross pay - total pay before deductions 
take-home pay - gross pay minus deductions 
Ernie Wagearner makes $729 per week. He knows his employer contributes 5.5% to a retirement 
annuity. How much does his employer contribute annually? - $2,084.94 
Whatever the employer must contribute to the state u...
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Add to cartgross pay - total pay before deductions 
take-home pay - gross pay minus deductions 
Ernie Wagearner makes $729 per week. He knows his employer contributes 5.5% to a retirement 
annuity. How much does his employer contribute annually? - $2,084.94 
Whatever the employer must contribute to the state u...
Only six states do not impose a state unemployment tax on employers in their state. - 
False 
Under the Family and Medical Leave Act, employers can exempt an employee who has not 
worked for the employer for at least one year and has worked for the company for at least 
1,250 hours in the last year....
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Add to cartOnly six states do not impose a state unemployment tax on employers in their state. - 
False 
Under the Family and Medical Leave Act, employers can exempt an employee who has not 
worked for the employer for at least one year and has worked for the company for at least 
1,250 hours in the last year....
1. Unemployment taxes (FUTA and SUTA) do not have to be paid by an employer who has 
only part-time employees. 
a. True 
b. False - ANSWER: False 
2. The Social Security Act ordered every state to set up an unemployment compensation 
program. 
a. True 
b. False - ANSWER: True 
3. Partnerships do not...
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Add to cart1. Unemployment taxes (FUTA and SUTA) do not have to be paid by an employer who has 
only part-time employees. 
a. True 
b. False - ANSWER: False 
2. The Social Security Act ordered every state to set up an unemployment compensation 
program. 
a. True 
b. False - ANSWER: True 
3. Partnerships do not...
1. An employee's marital status and number of withholding allowances never appear on the 
payroll register. 
a. True 
b. False - ANSWER: False 
2. Companies usually provide a separate column in the payroll register to record the 
employer's payroll taxes. 
a. True 
b. False - ANSWER: False 
3. An ...
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Add to cart1. An employee's marital status and number of withholding allowances never appear on the 
payroll register. 
a. True 
b. False - ANSWER: False 
2. Companies usually provide a separate column in the payroll register to record the 
employer's payroll taxes. 
a. True 
b. False - ANSWER: False 
3. An ...
gross taxable income - monies from which statutory deductions must be withheld; in 
CRA documents, also called: "gross remuneration" 
net taxable income - moneys from which statutory deductions must be withheld; in CRA 
documents, also called: "remuneration subject to tax deductions as source" o...
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Add to cartgross taxable income - monies from which statutory deductions must be withheld; in 
CRA documents, also called: "gross remuneration" 
net taxable income - moneys from which statutory deductions must be withheld; in CRA 
documents, also called: "remuneration subject to tax deductions as source" o...
The employer is required by the FLSA to display a poster that informs employees of the 
provisions of the law. - True 
There are no states that allow employees to access their personnel files. - False 
The tax paid to the federal government for unemployment taxes is used for paying state and 
federa...
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Add to cartThe employer is required by the FLSA to display a poster that informs employees of the 
provisions of the law. - True 
There are no states that allow employees to access their personnel files. - False 
The tax paid to the federal government for unemployment taxes is used for paying state and 
federa...
Lupore Fabrics obtained a contract in Watts Mills, South Carolina that involves the 
production of materials for military uniforms, a project contracted with the federal 
government for $2,800,000. What laws govern the wages Lupore Fabrics pays to its workers 
for this project? - Davis-Bacon Act 
Wa...
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Add to cartLupore Fabrics obtained a contract in Watts Mills, South Carolina that involves the 
production of materials for military uniforms, a project contracted with the federal 
government for $2,800,000. What laws govern the wages Lupore Fabrics pays to its workers 
for this project? - Davis-Bacon Act 
Wa...
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