Exam (elaborations)
_658db1d188662_payroll_accounting__jeanette_landin_5th_edition__ (1) (1)
Course
Payroll Accounting 2019, 5e
Institution
Payroll Accounting 2019, 5e
_658db1d188662_payroll_accounting__jeanette_landin_5th_edition__ (1) (1)
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Payroll Accounting 2019, 5e
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Payroll Accounting 2019, 5e
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, 1) Payroll Accounting 2019, 5e (Landin)
2) Chapter 1 Payroll Practices and System Fundamentals
3)
4) Internal7payroll7reports7are7used7to7inform7a7firm's7managers7and7decisio
n-7makers7about7laborcosts.
Answer:7TRUE7
Difficulty:717Easy
Topic:7 Identify7Legislation7That7Pertains7to7Payroll7and7Busines
s7Learning7Objective:7 01-
017Identify7Legislation7That7Pertains7to7Payroll7and7BusinessBloom's:7Understan
d7AACSB:7Communication7Accessibi
lity:7 Keyboard7Navigation
5) The7Lilly7Ledbetter7Act7of720097was7the7first7act7that7mandated7equal7pay7for7men7and7wom
en7who7perform7identical7tasks.
Answer:7 FALSE
Explanation:7 The7Equal7Pay7Act7of719637was7the7first7legislation7that7addressed7pay7equity.Diffic7
ulty:717Easy
Topic:7 Identify7Legislation7That7Pertains7to7Payroll7and7Busines
s7Learning7Objective:7 01-
017Identify7Legislation7That7Pertains7to7Payroll7and7BusinessBloom's:7Remembe
r7AACSB:7Reflective7Thinking7Acces
sibility:7 Keyboard7Navigation
6) The7Age7Discrimination7in7Employment7Act7(ADEA)7prohibits7discrimination7in7employme
nt7practices7for7workers7who7are7older7than7age750.
Answer:7 FALSE
Explanation:7ADEA7protects7workers7who7are7older0than7age740.Di
f7ficulty:717Easy
Topic:7 Identify7Legislation7That7Pertains7to7Payroll7and7Busines
s7Learning7Objective:7 01-
017Identify7Legislation7That7Pertains7to7Payroll7and7BusinessBloom's:7Remembe
r7AACSB:7 Diversity
Accessibility:7 Keyboard7Navigation
7) Payroll-related7legislation7often7reflects7emerging7issues7in7societal7evolution.
Answer:7TRUE7Diffi
7culty:727Medium
Topic:7 Identify7Legislation7That7Pertains7to7Payroll7and7Busines
s7Learning7Objective:7 01-
01 Identify7Legislation7That7Pertains7to7Payroll7and7BusinessBloom's:7Analyz
e7AACSB:7Reflective7Thinking7Acces
sibility:7 Keyboard7Navigation
1
Copyright7 ©720197 McGraw-Hill7Education.7 All7rights7reserved.
No7reproduction7 or0distribution7 without7 the7prior7 written7 consent7of7McGra
w-
,8) The7Worker's7Compensation7Act7of719357legislated7the7payment7of7worker's7compensatio
n7insurance.
Answer:7 FALSE
Explanation:7 No7federal7legislation7exists7regarding7the7payment7of7worker's7compensationinsuran7
ce.
Difficulty:717Easy
Topic:7 Discuss7the7Legal7Framework7Specific7to7Payroll7Accountin
g7Learning7Objective:7 01-
02 Discuss7the7Legal7Framework7Specific7to7Payroll7AccountingBloom's:7Understan
d7AACSB:7Communication7Accessibi
lity:7 Keyboard7Navigation
9) The7ethical7principle7of7due7care7pertains7to7the7upholding0of7rights7and7justice0
of7stakeholders.
Answer:7 FALSE
Explanation:7 The7principle7of7due7care7pertains7to7the7accountant's7professional7competenc
e.7Difficulty:727Medium
Topic:7 Discuss7the7Ethical7Guidelines7for7Payroll7Accountin
g7Learning7Objective:7 01-
03 Discuss7the7Ethical7Guidelines7for7Payroll7AccountingBloom's:7Appl
y7AACSB:7 Ethics
Accessibility:7 Keyboard7Navigation
10) Payroll7accounting7systems7may7involve7an7integrated7software7package7that7conta
ins7business-planning7tools.
Answer:7TRUE7
Difficulty:717Easy
Topic:7 Identify7Contemporary7Payroll7Practice
s7Learning7Objective:7 01-
04 Identify7Contemporary7Payroll7PracticesBloom's:7Understan
d7AACSB:7 Technology
Accessibility:7 Keyboard7Navigation
11) The7IRS7uses7EINs7to7track7employers7for7tax7purposes.
Answer:7TRUE7
Difficulty:717Easy
Topic:7 Identify7Contemporary7Payroll7Practice
s7Learning7Objective:7 01-
04 Identify7Contemporary7Payroll7PracticesBloom's:7Remembe
r7AACSB:7Communication7Accessibi
lity:7 Keyboard7Navigation
2
Copyright7 ©720197 McGraw-Hill7Education.7 All7rights7reserved.
No7reproduction7 or0distribution7 without7 the7prior7 written7 consent7of7McGra
w-
, 12) The7payroll7volume7tends7to7be7greater7for7small7companies7than0for0large7businesses.
Answer:7 FALSE
Explanation:7Payroll7volume7is7lower7for7small7companies7because7the7number7of7employees7iss
m7aller,7which7leads7to7a7lower7number7of7payroll7transaction.
Difficulty:717Easy
Topic:7 Compare7Payroll7Processing7Options7for0Different7Businesse
s7Learning7Objective:7 01-
05 Compare7Payroll7Processing7Options7for7Different7BusinessesBloom's:7Understan
d7AACSB:7Reflective7Thinking7Acces
sibility:7 Keyboard7Navigation
13) The7use7of7outsourced7payroll7relieves7employers7of7the7responsibility7for7payroll7accuracy.
Answer:7 FALSE
Explanation:7The7employer0is7responsible7for7payroll7accuracy7regardless7of7who7processes7it.Dif
fi7culty:727Medium
Topic:7 Compare7Payroll7Processing7Options7for0Different7Businesse
s7Learning7Objective:7 01-
057Compare7Payroll7Processing7Options7for7Different7BusinessesBloom's:7Analyz
e7AACSB:7Reflective7Thinking7Acces
sibility:7 Keyboard7Navigation
14) The7Age7Discrimination7in7Employment7Act7of719677prevented7mandatory7retirement7f
or7workers7over7the7age7of:
A)755.
B)750.
C)745.
D)740.
Answer:7D7Diffic
7ulty:717Easy
Topic:7 Identify7Legislation7That7Pertains7to7Payroll7and7Busines
s7Learning7Objective:7 01-
017Identify7Legislation7That7Pertains7to7Payroll7and7BusinessBloom's:7Understan
d7AACSB:7 Diversity
Accessibility:7 Keyboard7Navigation
3
Copyright7 ©720197 McGraw-Hill7Education.7 All7rights7reserved.
No7reproduction7 or0distribution7 without7 the7prior7 written7 consent7of7McGra
w-