Question 1

The ________________mandated that employers verify an employee's legal ability to work in the United States.
A) Personal Responsibility and Work Opportunity Reconciliation Act of 1996.
B) Health Insurance Portability and Accountability Act of 1996.
C) American Reinvestment and Recovery Act of 2009.
D) Immigration Reform and Control Act of 1986.

Accepted Answer

The Immigration Reform and Control Act of 1986 mandated that employers verify an employee's legal ability to work in the United States.

Question 2

The _______________ prohibited discrimination based on race,creed,color,gender,or national origin.
A) Lilly Ledbetter Fair Pay Act of 2009.
B) Civil Rights Act of 1964.
C) Equal Pay Act of 1963.
D) Fair Labor Standards Act of 1935.

Accepted Answer

The Civil Rights Act of 1964 is the legislation that prohibited any sort of discrimination based on race, creed, color, gender, or national origin. The Equal Pay Act of 1963 prohibited any gender-based wage discrimination, the Fair Labor Standards Act of 1935 established minimum wage requirements and overtime pay eligibility, and the Lilly Ledbetter Fair Pay Act of 2009 extended the statute of limitations for pay discrimination lawsuits. However, none of these acts encompassed the full range of discrimination covered by the Civil Rights Act of 1964.

Question 3

An accountant must remain current in his or her knowledge of current payroll practices,according to the ethical principle of __________________.
A) Responsibilities.
B) Public Interest.
C) Due Care.
D) Integrity.

Accepted Answer

The ethical principle of Due Care requires accountants to stay current with knowledge and skills relevant to their professions, including payroll practices.

Question 4

Employers must request a(n) ________________________ for the Internal Revenue Service to track a firm's payroll tax obligations.
A) Social Security Number.
B) Employer Registration Number.
C) Tax Identification Number.
D) Employer Identification Number

Accepted Answer

Employers must obtain an Employer Identification Number (EIN) from the Internal Revenue Service (IRS) to track a firm's payroll tax obligations. An EIN is a unique nine-digit number assigned to businesses by the IRS.

Question 5

Congress passed the __________________ and _________________ to assist displaced workers. A) 16^th Amendment; Fair Labor Standards Act. B) Social Security Act; Medicare Act. C) Federal Unemployment Tax Act; Social Security Insurance Act. D) Federal Income Contributions Act; Federal Unemployment Tax Act.

Accepted Answer

The answer of Congress passed the __________________ and _________________ to...

Question 6

Companies may use _____________ and ____________ to allow employees to have secure,rapid access to their compensation.
A) Cash; Checks.
B) Cash; Direct Deposit.
C) Direct Deposit; Paycards.
D) Paycards; Checks.

Accepted Answer

Direct deposit and paycards are both secure and rapid methods of allowing employees to access their compensation. Cash and checks are not secure and can be lost or stolen, resulting in a delay in payment. Direct deposit and paycards also save time and money for both the employer and employee by eliminating the need for paper checks and reducing the risk of errors or fraud.

Question 7

The ethical principle of ___________ concerns what is right and just for all parties involved.
A) Due Care.
B) Integrity.
C) Public Interest.
D) Objectivity and Independence.

Accepted Answer

The answer of The ethical principle of ___________ concerns what...

Question 8

The ________________modified the statute of limitations imposed by the Equal Pay Act of 1963.
A) Civil Rights Act of 1991.
B) Family Medical Leave Act of 1993.
C) Lilly Ledbetter Fair Pay Act of 2009.
D) Consolidated Omnibus Budget Reformation Act of 1986.

Accepted Answer

The Lilly Ledbetter Fair Pay Act of 2009 modified the statute of limitations for filing a claim regarding pay discrimination under the Equal Pay Act of 1963. It extended the time limit for filing a claim to 180 days from the last paycheck affected by the discriminatory act, instead of 180 days from the initial discriminatory act.

Question 9

___________________ is required under the Davis-Bacon Act for companies who do business with the Federal government.
A) Manual payroll.
B) Certified payroll.
C) Outsourced payroll.
D) Computerized payroll.

Accepted Answer

Certified payroll is required under the Davis-Bacon Act for companies who do business with the Federal government. The Act requires contractors to pay their workers the prevailing wage rate for their job classification on all federally funded construction projects. Certified payroll serves as proof that the contractor has complied with this requirement.

Question 10

Prevailing local wages and wage classification strategies for government contractors were mandated by the _______________.
A) Davis-Bacon Act.
B) Walsh-Healey Public Contracts Act.
C) Fair Labor Standards Act.
D) Equal Pay Act.

Accepted Answer

The Davis-Bacon Act mandates prevailing local wages and wage classification strategies for government contractors working on construction, alteration, or repair of public buildings or public works projects with federal funding. The Walsh-Healey Public Contracts Act sets minimum wage standards for federal contracts for the manufacture or furnishing of materials, supplies, articles, or equipment. The Fair Labor Standards Act establishes minimum wage and overtime pay standards for most private and public sector workers, and the Equal Pay Act prohibits pay discrimination on the basis of sex. However, none of these laws specifically mandate prevailing local wages and wage classification strategies for government contractors, except for the Davis-Bacon Act.

Quiz 1: Payroll Practices and System Functions

The ________________mandated that employers verify an employee's legal ability to work in the United States.

The _______________ prohibited discrimination based on race,creed,color,gender,or national origin.

An accountant must remain current in his or her knowledge of current payroll practices,according to the ethical principle of __________________.

Employers must request a(n) ________________________ for the Internal Revenue Service to track a firm's payroll tax obligations.

Congress passed the __ and _ to assist displaced workers.

Companies may use _ and to allow employees to have secure,rapid access to their compensation.

The ethical principle of ___________ concerns what is right and just for all parties involved.

The ________________modified the statute of limitations imposed by the Equal Pay Act of 1963.

___________________ is required under the Davis-Bacon Act for companies who do business with the Federal government.

Prevailing local wages and wage classification strategies for government contractors were mandated by the _______________.