1.The Fair Labor Standards Act is commonly known as the Federal Wage

Chapter 1 1.The Fair Labor Standards Act is commonly known as the Federal Wage and Hour Law.*a. True

• False

2.The FLSA imposes no recordkeeping requirements on employers.

• True

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

• False

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

• True

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

• True

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

• True

*b. False 7.The tax paid to the federal government for unemployment taxes is used for paying state and federal administrative expenses of the unemployment program.*a. True

• False

8.The Self-Employment Contributions Act imposes a tax on the net earnings from self-employment derived by an individual from any trade or business.Payroll Accounting 2023, 33e Bernard Bieg, Judith Toland (Test Bank All Chapters, 100% Original Verified, A+ Grade) 1 / 4

*a. True

• False

9.Each state imposes an income tax on employees that is 2 percent of gross wages.

• True

*b. False 10.Only six states do not impose a state unemployment tax on employers in their state.

• True

*b. False 11.One of the provisions of coverage of the Civil Rights Act is that the employer must have 15 or more workers.*a. True

• False

12.Title VII of the Civil Rights Act protects all employees from arbitrary dismissal.

• True

*b. False 13.Under the Civil Rights Act of 1964, the U.S. government is classified as an exempt employer.*a. True

• False

14.Employers not subject to Title VII coverage may come within the scope of the Civil Rights Act by reason of a contract or subcontract involving federal funds.*a. True

• False

15.By the use of executive orders, the federal government has banned discrimination in employment on government contracts.*a. True

• False 2 / 4

• An exception to the protection that the Age Discrimination in

Employment Act provides for all workers over 40 involves executives who are 65 or older and who have held high policy -making positions during the two-year period prior to retirement.

*a. True

• False

• Under the Federal Personal Responsibility and Work Opportunity

Reconciliation Act, every employer is required to report the name, address, and social security number of each new employee to the appropriate state agency.

*a. True

• False

• Form I-9 must be completed by each new hire.

*a. True

• False

• Employers are now required to photocopy new employees’ Form I -9

documents.

• True

*b. False

• In order for the Walsh -Healey Public Contracts Act to protect

laborers for contractors who furnish materials to any agency of the United States, the contract amount must be at least $15,000.

*a. True

• False

• Under FMLA, the time off must be used in one uninterrupted period

of time.

• True

*b. False

• Under the Family and Medical Leave Act, employers can exempt an

employee who has not worked for the employer for at least one year and has worked for the company for at least 1,250 hours in the last year.

*a. True

• False
• / 4

• FUTA was designed to ensure that workers who are covered by pension

plans receive benefits from those plans.

• True

*b. False

• Under ERISA, vesting conveys to employees the right to share in a

retirement fund in the event they are terminated before the normal retirement age.

*a. True

• False

• ERISA provides for full vesting of the employer’s co ntributions at

the end of the fifth year of service or after the third year of service with another 20% vesting in each subsequent year until full vesting is reached at the end of the 7th year.

*a. True

• False

• Under the Affordable Care Act, employer s with 50 or more full -time

employees during the previous year are required to provide health insurance coverage for all full -time employees.

*a. True

• False

• The Affordable Care Act does not make a distinction between large

and small employers.

• True

*b. False

• The total cost of workers’ compensation insurance is borne by the

employees.

• True

*b. False

• Workers’ compensation insurance premiums for employers vary

according to the different degrees of danger in various classes of jobs and the employers’ accident experience rate.

*a. True

• False
• / 4