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Payroll Accounting 2018 28th Edition Bernard J Bieg - Test Bank
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Chapter 1 True / False 1. The Fair Labor Standards Act is commonly known as the Federal Wage and Hour Law. a. True b. False ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: ACCREDITINGSTANDARDS: DATE CREATED: DATE MODIFIED: True 1 Easy True / False False...

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  • September 13, 2023
  • 386
  • 2022/2023
  • Exam (elaborations)
  • Questions & answers

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  • all chapters included
  • complete test bank
  • payroll accounting 2018 28th edition bernard j bie

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  • Accounting - Test Bank
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,Chapter 1

True / False
1. The Fair Labor Standards Act is commonly known as the Federal Wage and Hour Law.
a. True
b. False

ANSWER: True
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: PAYR.BIEG.14.1 - LO: 1
ACCREDITING STANDARDS: AICPA: v1-11 - FN-Reporting
Blooms Taxonomy-5 - Remembering
Business Program-3 - Analytic
DATE CREATED: 6/6/2017 10:33 AM
DATE MODIFIED: 6/6/2017 10:33 AM

2. The FLSA imposes no recordkeeping requirements on employers.
a. True
b. False

ANSWER: False
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: PAYR.BIEG.14.2 - LO: 1
ACCREDITING STANDARDS: AICPA: v1-11 - FN-Reporting
Blooms Taxonomy-5 - Remembering
Business Program-3 - Analytic
DATE CREATED: 6/6/2017 10:33 AM
DATE MODIFIED: 6/6/2017 10:33 AM




Copyright Cengage Learning. Powered by Cognero. Page 1

,Chapter 1

3. The employer is required by the FLSA to display a poster that informs employees of the provisions of the law.
a. True
b. False

ANSWER: True
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: PAYR.BIEG.14.3 - LO: 1
ACCREDITING STANDARDS: AICPA: v1-11 - FN-Reporting
Blooms Taxonomy-5 - Remembering
Business Program-3 - Analytic
DATE CREATED: 6/6/2017 10:33 AM
DATE MODIFIED: 6/6/2017 10:33 AM

4. All states have set their minimum wage to be the same as the federal government.
a. True
b. False

ANSWER: False
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: PAYR.BIEG.14.4 - LO: 1
ACCREDITING STANDARDS: AICPA: v1-11 - FN-Reporting
Blooms Taxonomy-5 - Remembering
Business Program-3 - Analytic
DATE CREATED: 6/6/2017 10:33 AM
DATE MODIFIED: 6/6/2017 10:33 AM




Copyright Cengage Learning. Powered by Cognero. Page 2

, Chapter 1

5. Under the Federal Insurance Contributions Act, the Medicare portion of the tax is only paid by the employer.
a. True
b. False

ANSWER: False
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: PAYR.BIEG.14.5 - LO: 1
ACCREDITING STANDARDS: AICPA: v1-11 - FN-Reporting
Blooms Taxonomy-5 - Remembering
Business Program-3 - Analytic
DATE CREATED: 6/6/2017 10:33 AM
DATE MODIFIED: 6/6/2017 10:33 AM

6. The FLSA provides health insurance for the aged and disabled (Medicare).
a. True
b. False

ANSWER: False
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: PAYR.BIEG.14.6 - LO: 1
ACCREDITING STANDARDS: AICPA: v1-11 - FN-Reporting
Blooms Taxonomy-5 - Remembering
Business Program-3 - Analytic
DATE CREATED: 6/6/2017 10:33 AM
DATE MODIFIED: 6/6/2017 10:33 AM




Copyright Cengage Learning. Powered by Cognero. Page 3

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