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Test Bank For Payroll Accounting 5th Edition;9781260247978 By Jeanette Landin | Complete Guide.
Test Bank For Payroll Accounting 5th Edition;9781260247978 By Jeanette Landin | Complete Guide.
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,Payroll0Accounting02019,05e0(Landin)Chapter010 Payroll0Practices0and0System0Fundamentals
1) Internal0payroll0reports0are0used0to0inform0a0firm's0managers0and0decision-
makers0about0labor0costs.
Answer:0TRUE0
Difficulty:010Easy
Topic:0 Identify0Legislation0That0Pertains0to0Payroll0and0Business
Learning0Objective:0 01-
010Identify0Legislation0That0Pertains0to0Payroll0and0Business0Bloom's:0Understand
AACSB:0Communication0Accessibi
lity:0 Keyboard0Navigation
2) The0Lilly0Ledbetter0Act0of020090was0the0first0act0that0mandated0equal0pay0for0men0and0women0
who0perform0identical0tasks.
Answer:0 FALSE
Explanation:0 The0Equal0Pay0Act0of019630was0the0first0legislation0that0addressed0pay0equity.0Diffic
ulty:010Easy
Topic:0 Identify0Legislation0That0Pertains0to0Payroll0and0Business
Learning0Objective:0 01-
010Identify0Legislation0That0Pertains0to0Payroll0and0Business0Bloom's:0Remember
AACSB:0Reflective0Thinking0Acces
sibility:0 Keyboard0Navigation
3) The0Age0Discrimination0in0Employment0Act0(ADEA)0prohibits0discrimination0in0employment0
practices0for0workers0who0are0older0than0age050.
Answer:0 FALSE
Explanation:0ADEA0protects0workers0who0are0older0than0age040.0Dif
ficulty:010Easy
Topic:0 Identify0Legislation0That0Pertains0to0Payroll0and0Business
Learning0Objective:0 01-
010Identify0Legislation0That0Pertains0to0Payroll0and0Business0Bloom's:0Remember
AACSB:0 Diversity
Accessibility:0 Keyboard0Navigation
4) Payroll-related0legislation0often0reflects0emerging0issues0in0societal0evolution.
Answer:0TRUE0Diffi
culty:020Medium
Topic:0 Identify0Legislation0That0Pertains0to0Payroll0and0Business
Learning0Objective:0 01-
010Identify0Legislation0That0Pertains0to0Payroll0and0Business0Bloom's:0Analyze
AACSB:0Reflective0Thinking0Acces
sibility:0 Keyboard0Navigation
1
Copyright0©020190McGraw-Hill0Education.0All0rights0reserved.
No0reproduction0or0distribution0without0the0prior0written0consent0of0McGraw-
Hill0Education.
,5) The0Worker's0Compensation0Act0of019350legislated0the0payment0of0worker's0compensation0
insurance.
Answer:0 FALSE
Explanation:0 No0federal0legislation0exists0regarding0the0payment0of0worker's0compensation0insuran
ce.
Difficulty:010Easy
Topic:0 Discuss0the0Legal0Framework0Specific0to0Payroll0Accounting
Learning0Objective:0 01-
020Discuss0the0Legal0Framework0Specific0to0Payroll0Accounting0Bloom's:0Understand
AACSB:0Communication0Accessibi
lity:0 Keyboard0Navigation
6) The0ethical0principle0of0due0care0pertains0to0the0upholding0of0rights0and0justice0of
0stakeholders.
Answer:0 FALSE
Explanation:0 The0principle0of0due0care0pertains0to0the0accountant's0professional0competence.0
Difficulty:020Medium
Topic:0 Discuss0the0Ethical0Guidelines0for0Payroll0Accounting
Learning0Objective:0 01-
030Discuss0the0Ethical0Guidelines0for0Payroll0Accounting0Bloom's:0Apply
AACSB:0 Ethics
Accessibility:0 Keyboard0Navigation
7) Payroll0accounting0systems0may0involve0an0integrated0software0package0that0contains0
business-planning0tools.
Answer:0TRUE0
Difficulty:010Easy
Topic:0 Identify0Contemporary0Payroll0Practices
Learning0Objective:0 01-
040Identify0Contemporary0Payroll0Practices0Bloom's:0Understand
AACSB:0 Technology
Accessibility:0 Keyboard0Navigation
8) The0IRS0uses0EINs0to0track0employers0for0tax0purposes.
Answer:0TRUE0
Difficulty:010Easy
Topic:0 Identify0Contemporary0Payroll0Practices
Learning0Objective:0 01-
040Identify0Contemporary0Payroll0Practices0Bloom's:0Remember
AACSB:0Communication0Accessibi
lity:0 Keyboard0Navigation
2
Copyright0©020190McGraw-Hill0Education.0All0rights0reserved.
No0reproduction0or0distribution0without0the0prior0written0consent0of0McGraw-
Hill0Education.
, 9) The0payroll0volume0tends0to0be0greater0for0small0companies0than0for0large0businesses.
Answer:0 FALSE
Explanation:0Payroll0volume0is0lower0for0small0companies0because0the0number0of0employees0is0sm
aller,0which0leads0to0a0lower0number0of0payroll0transaction.
Difficulty:010Easy
Topic:0 Compare0Payroll0Processing0Options0for0Different0Businesses
Learning0Objective:0 01-
050Compare0Payroll0Processing0Options0for0Different0Businesses0Bloom's:0Understand
AACSB:0Reflective0Thinking0Acces
sibility:0 Keyboard0Navigation
10) The0use0of0outsourced0payroll0relieves0employers0of0the0responsibility0for0payroll0accuracy.
Answer:0 FALSE
Explanation:0The0employer0is0responsible0for0payroll0accuracy0regardless0of0who0processes0it.0Diffi
culty:020Medium
Topic:0 Compare0Payroll0Processing0Options0for0Different0Businesses
Learning0Objective:0 01-
050Compare0Payroll0Processing0Options0for0Different0Businesses0Bloom's:0Analyze
AACSB:0Reflective0Thinking0Acces
sibility:0 Keyboard0Navigation
11) The0Age0Discrimination0in0Employment0Act0of019670prevented0mandatory0retirement0for
0workers0over0the0age0of:
A)055.
B)050.
C)045.
D)040.
Answer:0D0Diffic
ulty:010Easy
Topic:0 Identify0Legislation0That0Pertains0to0Payroll0and0Business
Learning0Objective:0 01-
010Identify0Legislation0That0Pertains0to0Payroll0and0Business0Bloom's:0Understand
AACSB:0 Diversity
Accessibility:0 Keyboard0Navigation
3
Copyright0©020190McGraw-Hill0Education.0All0rights0reserved.
No0reproduction0or0distribution0without0the0prior0written0consent0of0McGraw-
Hill0Education.
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