1 Payroll errors can lead to underreported wages and staffing issues.

Version 1 1

1) Payroll errors can lead to underreported wages and staffing issues.⊚ true ⊚ false

2) The Lilly Ledbetter Act of 2009 reinforced the provisions of the Current Tax Payment Act by enforcing tax remittance within 180 days.⊚ true ⊚ false

3) The Occupational Safety and Health Act of 1970 added personal protective equipment standards during 2020.⊚ true ⊚ false

4) Employee retirement benefits are a recruiting and retention strategy used by businesses.⊚ true ⊚ false

5) The Family Medical Leave Act provided paid leave and guaranteed job retention for employees.⊚ true ⊚ false

6) Workers may access partial Social Security retirement benefits at age 62.⊚ true ⊚ false

(Payroll Accounting 2022, 8e By Jeanette Landin, Paulette Schirmer) (Test Bank Latest Edition 2023-24, Grade A+, 100% Verified) (Answer at the end of each Chapter) 1 / 4

Version 1 2 7) The Fair Labor Standards Act has two levels of coverage: individual and enterprise.⊚ true ⊚ false

8) The ethical principle of integrity pertains to standards for remaining current with payroll professional development and certification.⊚ true ⊚ false

9) Contemporary payroll practices involve the use of cloud-based software.⊚ true ⊚ false

10) The use of payroll apps shifts the onus for payroll accuracy from the employer to the employee.⊚ true ⊚ false

11) The Personal Responsibility, Work and Family Promotion Act of 2002 mandated that new employees must be reported to state employment offices within how many days of the employee commencing employment?

• 30
• 25
• 20
• 15

12) U.S. v. Windsor decision led to the repeal of which Act?

A) USERRA

B) FLSA

C) FMLA

D) DOMA

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Version 1 3 13) During which decade were many landmark legislative pieces enacted?

• 1910s
• 1920s
• 1930s
• 1940s

14) Which federal act assists workers who are displaced through no fault of their own?

A) HIPAA

B) FUTA

C) SUTA

D) ERISA

15) As of 2021, at what age may people born after 1960 receive full Social Security retirement benefits?

• 62
• 65
• 67
• 69

16) Which Act created the classification of workers as exempt or nonexempt?

A) SSA

B) FICA

C) CTPA

D) FLSA

17) Which of the following employer obligation is an insurance policy, not legislation?

• Sarbanes-Oxley
• Workers’ compensation
• Walsh-Healey
• Davis-Bacon

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Version 1 4 18) Which ethical principle emphasizes the use of moral judgment in all actions?

• Professionalism
• Confidentiality
• Integrity
• Due Care

19) Which of the following situations would not potentially compromise a payroll accountant’s objectivity or independence, according to the PCAOB?

• Personal or family ownership of <1 percent of company shares
• Commitment to present or future financial interest in a client’s business
• Personal engagement with a client’s firm in terms of ownership
• Purchase of greater than five percent of the company’s shares

20) Employment legislation during the 1960s included which of the following Acts:

• FLSA, FUTA, and FICA.
• Civil Rights Act, ADEA, and Equal Pay Act.
• CTPA, FICA, and ERISA.
• DOMA, FMLA, and PRWOR.

21) The main purpose of the Current Tax Payment Act was to:

• Ensure that all employees pay appropriate taxes.
• Maintain legal eligibility to work in the United States.
• Mandate employer remittance of taxes withheld from employees.
• Provide benefits for workers who were displaced from jobs.

22) Which act adds monetary penalties for illegal discriminatory employer actions?

• Civil Rights Act of 1964
• Davis-Bacon Act
• Americans with Disabilities Act
• Civil Rights Act of 1991

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