Mid term ch 1-3 payroll accounting
Mid-term exam, chapters 1-4 Please record your answer in the space to the right of the question (under “Answers”) or in the appropriate blanks provided (in the problems). Once you complete the answers, please submit the exam as an attachment. 150 points
Please note that discussing the exam on the BB, by email, phone or other means are not allowed. Exam has to be done on your own.
To attest that this exam was done on your own, without assistance from other persons, please print (equivalent to signing) your name here:
Your signature: Daniel Pason
Section A—DIRECTIONS: Each of the following statements is either true or false. Unless directed otherwise by your instructor, indicate your choice in the Answers column by writing “T” for a true answer or “F” for a false answer. (1 points for each correct answer)
For
Answers Scoring
1.
The Fair Labor Standards Act is commonly known as the Federal Wage and Hour Law.
T
1.
2.
The Federal Insurance Contributions Act covers restrictions on the employment of child labor.
F
2.
3.
The Federal Income Tax Withholding Law requires that all employment data be kept on file
permanently.
F
3.
4.
In cases where both federal and state regulations cover the minimum wage for the same employee,
the federal rate is always used as the standard minimum wage.
F
4.
5.
Those records that are required by the various payroll laws must generally be kept on file for only
the current year.
F
5.
6.
Unions and employment agencies are excluded from coverage under the Civil Rights Act of 1964.
F
6.
7.
Employers’ photocopying of new employees’ I-9 documents is not required under the Immigration
Reform and Control Act.
T
7.
8.
The Age Discrimination in Employment Act protects virtually all workers, but only to the age of 70.
F
8.
9.
FICA taxes are levied upon employers
Please note that discussing the exam on the BB, by email, phone or other means are not allowed. Exam has to be done on your own.
To attest that this exam was done on your own, without assistance from other persons, please print (equivalent to signing) your name here:
Your signature: Daniel Pason
Section A—DIRECTIONS: Each of the following statements is either true or false. Unless directed otherwise by your instructor, indicate your choice in the Answers column by writing “T” for a true answer or “F” for a false answer. (1 points for each correct answer)
For
Answers Scoring
1.
The Fair Labor Standards Act is commonly known as the Federal Wage and Hour Law.
T
1.
2.
The Federal Insurance Contributions Act covers restrictions on the employment of child labor.
F
2.
3.
The Federal Income Tax Withholding Law requires that all employment data be kept on file
permanently.
F
3.
4.
In cases where both federal and state regulations cover the minimum wage for the same employee,
the federal rate is always used as the standard minimum wage.
F
4.
5.
Those records that are required by the various payroll laws must generally be kept on file for only
the current year.
F
5.
6.
Unions and employment agencies are excluded from coverage under the Civil Rights Act of 1964.
F
6.
7.
Employers’ photocopying of new employees’ I-9 documents is not required under the Immigration
Reform and Control Act.
T
7.
8.
The Age Discrimination in Employment Act protects virtually all workers, but only to the age of 70.
F
8.
9.
FICA taxes are levied upon employers