Test Bank For Payroll Accounting 2018 28th Edition By Bernard

Test Bank For Payroll Accounting 2018 28th Edition By Bernard J Bieg Judith A Toland.

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.
a. True
b. False
ANSWER: False
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
Time Estimate-a – 5 min.
DATE CREATED: 6/6/2017 10:34 AM
DATE MODIFIED: 6/6/2017 10:34 AM

2. Institutions of higher education are extended coverage under FLSA without regard to their annual sales volume.
a. True
b. False
ANSWER: True
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
Time Estimate-a – 5 min.
DATE CREATED: 6/6/2017 10:34 AM
DATE MODIFIED: 6/6/2017 10:34 AM

3. If a business does not meet the enterprise coverage test, none of its workers qualify for individual employee coverage.
a. True
b. False
ANSWER: False
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
Time Estimate-a – 5 min.
DATE CREATED: 6/6/2017 10:34 AM
DATE MODIFIED: 6/6/2017 10:34 AM

4. Domestics are excluded from coverage under the FLSA individual employee coverage.
a. True
b. 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
Time Estimate-a – 5 min.
DATE CREATED: 6/6/2017 10:34 AM
DATE MODIFIED: 6/6/2017 10:34 AM

5. A discretionary bonus is included in an employee’s regular rate of pay.
a. True
b. False
ANSWER: False
POINTS: 1
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
Time Estimate-a – 5 min.
DATE CREATED: 6/6/2017 10:34 AM
DATE MODIFIED: 6/6/2017 10:34 AM

6. All interns in the for-profit sector are exempt from the minimum wage and overtime requirements of the FLSA.
a. True
b. 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
Time Estimate-a – 5 min.
DATE CREATED: 6/6/2017 10:34 AM
DATE MODIFIED: 6/6/2017 10:34 AM

7. Employees paid biweekly receive their remuneration every two weeks.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
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.
DATE CREATED: 6/6/2017 10:34 AM
DATE MODIFIED: 6/6/2017 10:34 AM

8. In January 2018, workers who receive the minimum hourly wage are paid $6.10 an hour.
a. True
b. False
ANSWER: False
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
Time Estimate – 5 min.
DATE CREATED: 6/6/2017 10:34 AM
DATE MODIFIED: 6/6/2017 3:12 PM

9. A retail shop may employ a full-time student at $5.00 per hour.
a. True
b. 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
Business Program-3 – Analytic
Time Estimate – 5 min.
DATE CREATED: 6/6/2017 10:34 AM
DATE MODIFIED: 6/6/2017 10:34 AM

10. A college may employ its own full-time students at 85 percent of the minimum wage.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
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.
DATE CREATED: 6/6/2017 10:34 AM
DATE MODIFIED: 6/6/2017 10:34 AM