True False Questions

2-1 Copyright © 2016McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.Chapter 02 Payroll System Procedures True / False Questions 1.The two main focuses of payroll procedures are company needs and governmental rules.TrueFalse 2.Employers may choose to omit the employees’ Social Security numbers in theiremployee files.TrueFalse 3.Semimonthly payroll involves a pay cycle in which pay disbursements occur every two weeks.TrueFalse 4.Newly hired employees must be reported to governmental officials within 20 days of starting workingwithan employer.TrueFalse 5.Foreign workers in the United States are subject to new hire reporting regulations.TrueFalse 6.A worker who sells life insurance on a full-time basis is considered a statutory employee.TrueFalse Payroll Accounting 2016 2nd Edition Landin Test Bank Visit TestBankDeal.com to get complete for all chapters

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7.U.S. workers in foreign subsidiaries are exempt from income taxes.TrueFalse 8.Pay rate is the first payroll system decision a company must make.TrueFalse 9.Holiday hours, sick time taken, and vacation days arenot considered in the worked hours for overtime computation.TrueFalse 10.Separation of duties is not considered a payroll best practice.TrueFalse Multiple Choice Questions 11.Which of the following is not an important decisionthat an employer must make regarding its payroll procedures?A.How often to pay employees?B.How to handle pay advances?C.How many employees to hire?D.Which employee benefits to offer?

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12.Which of the following items must exist inevery employee's payroll file?A.Spouse's social security number B.Employment history C.Spouse's birth date D.Occupation 13.According to the Fair Labor Standards Act, why must pay period information be a part of an employee’spayroll file?A.As a means of tracking time worked for overtime compensation purposes.B.To ensure that the employee receives all compensation earned.C.As a means of ensuring pay equality among employees.D.To document satisfaction ofcourt-ordered obligations.

14.Which of the following is not a purpose of new hire reporting laws?A.To ensure payment of court-ordered obligations like garnishments and child support.B.To keep track of workers throughout their careers.C.To ensure that the employee may legally work in the United States.D.To keep track of workers and professionals who are subject to licensing regulations.

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15.Which pay frequency has 24 pay periods annually?A.Weekly B.Biweekly C.Semimonthly D.Semiweekly 16.Which pay frequency has 26 pay periods per year?A.Bimonthly B.Biweekly C.Semimonthly D.Semiweekly 17.Which of the following is not a commonly used pay frequency?A.Daily B.Weekly C.Monthl y D.Semimonthly