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

Chapter 1

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True / False

• The current minimum wage set by the Fair Labor Standards Act is $7.25 per hour.
• True
• False

ANSWER: True

POINTS: 1

DIFFICULTY: Easy

QUESTION TYPE: True / False

HAS VARIABLES: False

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

ACCREDITING STANDARDS: AICPA: v1-11 - FN-Reporting Blooms Taxonomy- 5 - Remembering Business Program-3 - Analytic

DATE CREATED: 7/21/2015 2:09 PM

DATE MODIFIED: 7/21/2015 2:09 PM

QUESTION ID: JFND-GO4G-GJBD-1CNB

QUESTION GLOBAL ID: GCID-E7BW-1TBP-CRHG-RP5B-GEAU-GP33-8YHN-4AUB-CAHN-4C33-GO4N-

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GP3S-GYSU-O3DD-8YSU-GQDG-GOSS-CPTA-CRSS-NQBT-CRHU-KPB3-E7JI-

YT4D-JFNN-4OTI-GO4W-NQNBEE

INSTRUCTION GLOBAL ID: GCID-3e30ab753251-f54b-27b4-1537-81a903e5

• The FLSA imposes no recordkeeping requirements on employers.
• True
• False

ANSWER: False

POINTS: 1

DIFFICULTY: Easy

QUESTION TYPE: True / False

HAS VARIABLES: False

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

ACCREDITING STANDARDS: AICPA: v1-11 - FN-Reporting Blooms Taxonomy- 5 - Remembering Business Program-3 - Analytic

DATE CREATED: 7/21/2015 2:09 PM

DATE MODIFIED: 7/21/2015 2:09 PM

QUESTION ID: JFND-GO4G-GJBD-1CB3

QUESTION GLOBAL ID: GCID-E7BW-1TBP-CRHG-RP5B-GEAU-GP33-8YHN-4AUB-CAHN-4C33-GO4N-

4PDF-G711-4P5R-GYHD-CCBT-8FDI-GWN8-EPRW-EMJ1-CTOS-KC3S-GTTD-

QPBO-8YSS-EPTA-CRSS-CPMN-GOSU-EPMR-CCSU-KQJO- 8R5D-N3BU-E7JI-

YT4D-JFNN-4OTI-GO4W-NQNBEE

INSTRUCTION GLOBAL ID: GCID-3e30ab753251-f54b-27b4-1537-81a903e5

• The employer is required by the FLSA to display a poster that informs employees of the provisions of the law.
• True

Payroll Accounting 2016 26th Edition Bieg Test Bank Visit TestBankDeal.com to get complete for all chapters

Chapter 1

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• False

ANSWER: True

POINTS: 1

DIFFICULTY: Easy

QUESTION TYPE: True / False

HAS VARIABLES: False

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

ACCREDITING STANDARDS: AICPA: v1-11 - FN-Reporting Blooms Taxonomy- 5 - Remembering Business Program-3 - Analytic

DATE CREATED: 7/21/2015 2:09 PM

DATE MODIFIED: 7/21/2015 2:09 PM

QUESTION ID: JFND-GO4G-GJBD-1CBA

QUESTION GLOBAL ID: GCID-E7BW-1TBP-CRHG-RP5B-GEAU-GP33-8YHN-4AUB-CAHN-4C33-GO4N-

4PDF-G711-4P5R-GYHD-CCBT-8FDI-GWN8-EPRW-EMJI-CFTS-KA5G-CA5S-NP3I-

GHSU-OCBS-8YSU-NCT1-GOSS-RA5N-GASS-K3T1- CTTG-EPTZ- E7JI-YT4D-JFNN-

4OTI-GO4W-NQNBEE

INSTRUCTION GLOBAL ID: GCID-3e30ab753251-f54b-27b4-1537-81a903e5

• All states have set their minimum wage to be the same as the federal government.
• True
• False

ANSWER: False

POINTS: 1

DIFFICULTY: Easy

QUESTION TYPE: True / False

HAS VARIABLES: False

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

ACCREDITING STANDARDS: AICPA: v1-11 - FN-Reporting Blooms Taxonomy- 5 - Remembering Business Program-3 - Analytic

DATE CREATED: 7/21/2015 2:09 PM

DATE MODIFIED: 7/21/2015 2:09 PM

QUESTION ID: JFND-GO4G-GJBD-1CNG

QUESTION GLOBAL ID: GCID-E7BW-1TBP-CRHG-RP5B-GEAU-GP33-8YHN-4AUB-CAHN-4C33-GO4N-

4PDF-G711-4P5R-GYHD-CCBT-8FDI-GWN8-EPRW-EMMN-CA4D-1PBZ- CC3G-

CC3I-GCSS-KAJI-8YSU-NPBW-GOSU-EC3A-8RSU-GCUD-GFUD-QPTI-E7JI-YT4D-

JFNN-4OTI-GO4W-NQNBEE

INSTRUCTION GLOBAL ID: GCID-3e30ab753251-f54b-27b4-1537-81a903e5

• Under the Federal Insurance Contributions Act, the Medicare portion of the tax is only paid by the employer.
• True
• False

ANSWER: False

POINTS: 1

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DIFFICULTY: Easy

QUESTION TYPE: True / False

HAS VARIABLES: False

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

ACCREDITING STANDARDS: AICPA: v1-11 - FN-Reporting Blooms Taxonomy- 5 - Remembering Business Program-3 - Analytic

DATE CREATED: 7/21/2015 2:09 PM

DATE MODIFIED: 8/20/2015 6:44 PM

QUESTION ID: JFND-GO4G-GJBD-1CNF

QUESTION GLOBAL ID: GCID-E7BW-1TBP-CRHG-RP5B-GEAU-GP33-8YHN-4AUB-CAHN-4C33-GO4N-

4PDF-G711-4P5R-GYHD-CCBT-8FDI-GWN8-EPRW-EMJZ- GEAU-CA3O-GHHD-

OCTW-COSU-EAUD-CESS-KCDB-GOSU-EA3A-GYSS-CPBO-GT1D-1CBZ-E7JI-

YT4D-JFNN-4OTI-GO4W-NQNBEE

INSTRUCTION GLOBAL ID: GCID-3e30ab753251-f54b-27b4-1537-81a903e5

• The FLSA provides health insurance for the aged and disabled (Medicare).
• True
• False

ANSWER: False

POINTS: 1

DIFFICULTY: Easy

QUESTION TYPE: True / False

HAS VARIABLES: False

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

ACCREDITING STANDARDS: AICPA: v1-11 - FN-Reporting Blooms Taxonomy- 5 - Remembering Business Program-3 - Analytic

DATE CREATED: 7/21/2015 2:09 PM

DATE MODIFIED: 7/21/2015 2:09 PM

QUESTION ID: JFND-GO4G-GJBD-1CNR

QUESTION GLOBAL ID: GCID-E7BW-1TBP-CRHG-RP5B-GEAU-GP33-8YHN-4AUB-CAHN-4C33-GO4N-

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YT4D-JFNN-4OTI-GO4W-NQNBEE

INSTRUCTION GLOBAL ID: GCID-3e30ab753251-f54b-27b4-1537-81a903e5

• The tax paid to the federal government for unemployment taxes is used for paying state and federal administrative

expenses of the unemployment program.

• True
• False

ANSWER: True

POINTS: 1

DIFFICULTY: Easy

QUESTION TYPE: True / False

HAS VARIABLES: False

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

ACCREDITING STANDARDS: AICPA: v1-11 - FN-Reporting Blooms Taxonomy- 5 - Remembering Business Program-3 - Analytic

DATE CREATED: 7/21/2015 2:09 PM

DATE MODIFIED: 7/21/2015 2:09 PM

QUESTION ID: JFND-GO4G-GJBD-1CND

QUESTION GLOBAL ID: GCID-E7BW-1TBP-CRHG-RP5B-GEAU-GP33-8YHN-4AUB-CAHN-4C33-GO4N-

4PDF-G711-4P5R-GYHD-CCBT-8FDI-GWN8-EPRW-EMMR-8R4U-RPTZ-CO4D-

NPBI-GHSU-YPT1-8RSU-KPTZ- GOSS-RC3O-CRSS-RPBU-C3TD-OCUR-E7JI-YT4D-

JFNN-4OTI-GO4W-NQNBEE

INSTRUCTION GLOBAL ID: GCID-3e30ab753251-f54b-27b4-1537-81a903e5

• The Self-Employment Contributions Act imposes a tax on the net earnings from self-employment derived by an

individual from any trade or business.

• True
• False

ANSWER: True

POINTS: 1

DIFFICULTY: Easy

QUESTION TYPE: True / False

HAS VARIABLES: False

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

ACCREDITING STANDARDS: AICPA: v1-11 - FN-Reporting Blooms Taxonomy- 5 - Remembering Business Program-3 - Analytic

DATE CREATED: 7/21/2015 2:09 PM

DATE MODIFIED: 7/21/2015 2:09 PM

QUESTION ID: JFND-GO4G-GJBD-1CBU

QUESTION GLOBAL ID: GCID-E7BW-1TBP-CRHG-RP5B-GEAU-GP33-8YHN-4AUB-CAHN-4C33-GO4N-

4PDF-G711-4P5R-GYHD-CCBT-8FDI-GWN8-EPRW-EMJO-CTUG-N3T3-CJUD-

OA3W-GHSU-1PT1-CESS-NPUG-GOSU-ECTS-CWSS- R3TZ-CE3G-RP5N-E7JI-

YT4D-JFNN-4OTI-GO4W-NQNBEE

INSTRUCTION GLOBAL ID: GCID-3e30ab753251-f54b-27b4-1537-81a903e5

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

ANSWER: False

POINTS: 1

DIFFICULTY: Easy

QUESTION TYPE: True / False

HAS VARIABLES: False

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

ACCREDITING STANDARDS: AICPA: v1-11 - FN-Reporting Blooms Taxonomy-5 - Remembering