LEARNING OBJECTIVES: PAYR.BIEG.14.1 - LO: 1

• Under the FLSA enterprise coverage test, hospitals and nursing homes are only covered if their annual charges for

services are at least $500,000.

• True
• False

ANSWER: False

POINTS: 1

DIFFICULTY: Easy

LEARNING OBJECTIVES: PAYR.BIEG.14.1 - LO: 1

ACCREDITING STANDARDS: AICPA V1 11 - FN-Reporting

Blooms Taxonomy-5 - Remembering Business Program-3 - Analytic Time Estimate-a - 5 min.

• Institutions of higher education are extended coverage under FLSA without regard to their annual sales volume.
• True
• False

ANSWER: True

POINTS: 1

DIFFICULTY: Easy

LEARNING OBJECTIVES: PAYR.BIEG.14.2 - LO: 1

ACCREDITING STANDARDS: AICPA V1 11 - FN-Reporting

Blooms Taxonomy-5 - Remembering Business Program-3 - Analytic Time Estimate-a - 5 min.

• If a business does not meet the enterprise coverage test, none of its workers qualify for individual employee

coverage.

• True
• False

ANSWER: False

POINTS: 1

DIFFICULTY: Easy

LEARNING OBJECTIVES: PAYR.BIEG.14.3 - LO: 1

ACCREDITING STANDARDS: AICPA V1 11 - FN-Reporting

Blooms Taxonomy-5 - Remembering Business Program-3 - Analytic Time Estimate-a - 5 min. CengageLearningTesting,Poweredby CogneroPage 1Name: Class: Date: Chapter 2 - Computing Wages and Salaries Payroll Accounting 2015 25th Edition Bieg Test Bank Visit TestBankDeal.com to get complete for all chapters

• Domestics are excluded from coverage under the FLSA individual employee coverage.
• True
• False

ANSWER: False

POINTS: 1

DIFFICULTY: Easy

LEARNING OBJECTIVES: PAYR.BIEG.14.4 - LO: 1

ACCREDITING STANDARDS: AICPA V1 11 - FN-Reporting

Blooms Taxonomy-5 - Remembering Business Program-3 - Analytic Time Estimate-a - 5 min.

• Under the FLSA, severance pay is excluded from the definition of wages.
• True
• False

ANSWER: False

POINTS: 1

DIFFICULTY: Easy

LEARNING OBJECTIVES: PAYR.BIEG.14.5 - LO: 1

ACCREDITING STANDARDS: AICPA V1 11 - FN-Reporting

Blooms Taxonomy-5 - Remembering Business Program-3 - Analytic Time Estimate-a - 5 min.

• Interns in the for-profit sector are exempt from the minimum wage and overtime requirements of the FLSA.
• True
• False

ANSWER: False

POINTS: 1

DIFFICULTY: Easy

LEARNING OBJECTIVES: PAYR.BIEG.14.6 - LO: 1

ACCREDITING STANDARDS: AICPA V1 11 - FN-Reporting

Blooms Taxonomy-5 - Remembering Business Program-3 - Analytic Time Estimate-a - 5 min. CengageLearningTesting,Poweredby CogneroPage 2Name: Class: Date: Chapter 2 - Computing Wages and Salaries

• Employees paid biweekly receive their remuneration every two weeks.
• True
• False

ANSWER: True

POINTS: 1

DIFFICULTY: Easy

LEARNING OBJECTIVES: PAYR.BIEG.14.7 - LO: 1

ACCREDITING STANDARDS: AICPA V1 11 - FN-Reporting

Blooms Taxonomy-5 - Remembering Business Program-3 - Analytic Time Estimate-a - 5 min.

• In May 2015 workers who receive the minimum hourly wage are paid $6.10 an hour.
• True
• False

ANSWER: False

POINTS: 1

DIFFICULTY: Easy

LEARNING OBJECTIVES: PAYR.BIEG.14.8 - LO: 2

ACCREDITING STANDARDS: AICPA V1 11 - FN-Reporting

Blooms Taxonomy-5 - Remembering Business Program-3 - Analytic Time Estimate-a - 5 min.

• A retail shop may employ a full-time student at $5.00 per hour.
• True
• False

ANSWER: False

POINTS: 1

DIFFICULTY: Easy

LEARNING OBJECTIVES: PAYR.BIEG.14.9 - LO: 2

ACCREDITING STANDARDS: AICPA V1 11 - FN-Reporting

Blooms Taxonomy-5 - Remembering Business Program-3 - Analytic Time Estimate-a - 5 min. CengageLearningTesting,Poweredby CogneroPage 3Name: Class: Date: Chapter 2 - Computing Wages and Salaries

• A college may employ its own full-time students at 85 percent of the minimum wage.
• True
• False

ANSWER: True

POINTS: 1

DIFFICULTY: Easy

LEARNING OBJECTIVES: PAYR.BIEG.14.10 - LO: 2

ACCREDITING STANDARDS: AICPA V1 11 - FN-Reporting

Blooms Taxonomy-5 - Remembering Business Program-3 - Analytic Time Estimate-a - 5 min.

• All major cities have enacted ordinances establishing a so­called “living wage” at $10.25 per hour.
• True
• False

ANSWER: False

POINTS: 1

DIFFICULTY: Easy

LEARNING OBJECTIVES: PAYR.BIEG.14.11 - LO: 2

ACCREDITING STANDARDS: AICPA V1 11 - FN-Reporting

Blooms Taxonomy-5 - Remembering Business Program-3 - Analytic Time Estimate-a - 5 min.

• The FLSA defines a tipped employee as one who regularly receives tips of more than $20 a month.
• True
• False

ANSWER: False

POINTS: 1

DIFFICULTY: Easy

LEARNING OBJECTIVES: PAYR.BIEG.14.12 - LO: 2

ACCREDITING STANDARDS: AICPA V1 11 - FN-Reporting

Blooms Taxonomy-5 - Remembering Business Program-3 - Analytic Time Estimate-a - 5 min. CengageLearningTesting,Poweredby CogneroPage 4Name: Class: Date: Chapter 2 - Computing Wages and Salaries