Payroll Ch. 2 Identify Important Payroll Procedure
Payroll Ch. 2 Identify Important Payroll Procedure
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Payroll Ch. 2 Identify Important Payroll Procedures and Pay Cycles exam with 100% correct answers
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Payroll Ch. 2 Identify Important Payroll Procedure
Institution
Payroll Ch. 2 Identify Important Payroll Procedure
Certain states, counties, and municipalities have enacted a living wage connected to changes in the: correct answersConsumer Price Index (CPI)
Under the BLANK BLANK BLANK Act, certain items are required in every employee's file. correct answersfair labor standards
What are three important que...
Payroll Ch. 2 Identify Important Payroll
Procedures and Pay Cycles
Certain states, counties, and municipalities have enacted a living wage connected to changes in the:
correct answersConsumer Price Index (CPI)
Under the BLANK BLANK BLANK Act, certain items are required in every employee's file. correct
answersfair labor standards
What are three important questions that an employer should ask when creating a payroll system?
correct answersHow will the company handle employee terminations?
How does the company handle governmental compliance?
How will the company handle employees who transfer between departments?
Which of the following are pay frequencies commonly used by employers? correct answersWeekly
Biweekly
Monthly
Semi-monthly
What is one difference between an employee and an independent contractor? correct answersThe
employer does not provide tools to independent contractors.
The BLANK BLANK is an amount of money needed to meet subsistence needs. correct answersliving
wage
What are the criteria used in the determination of a worker as an employee? (Select all that apply)
correct answersWork direction
Material contribution
, Which of the following items are required in every employee's payroll file? correct answersRegular
hourly pay rate
Employee's full name
Which of the following are questions that an employer should address when establishing a payroll
system? correct answersHow will employee transfers between departments be handled?
How will the company handle new hires?
What are the termination procedures?
The determination of BLANK BLANK is the first payroll item that must be established. correct answerspay
cycle
Which of the following is true about independent contractors? correct answersIndependent contractors
are not considered employees.
Independent contractors control the manner in which they complete their work.
Which of the following is true about independent contractors? correct answersIndependent contractors
are not subject to FLSA provisions regarding hourly wages and overtime.
List the purposes for new hire reporting (Check all that apply). correct answersChild support tracking
Immigration agency records
Communication of professional violations
Administration of COBRA benefits
Which of the following items are not required in every employee's payroll file? correct answersPrevious
year's year-to-date earnings
What is the minimum penalty per employee for non-reporting of new employees? correct answers$25
A contemporary issue for employee versus independent contractor designation has been the growing
BLANK BLANK correct answersgig economy
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