Paryoll's chief product -- the payrcheck or the pay statement -- must be:
Accurate
Timely
Both accurate and timely
none of the above
What taxes, if any, must be withheld from an employee's pay?
Federal income, social security, and Medicare
Federal income only
Social security and Medicare only
no taxes are withheld
What taxes, if any, must be withheld from an independent contractor's pay who provides a TIN?
No taxes are withheld
Who has the responsibility to determine if the worker is an employee or an independent contractor?
Employer
Social Security Administration
Worker
Internal Revenue Service
Prior to beginning work for a company, a chemical engineer signed a contract stating that she agreed to work as an independent contractor. She performs all her duties in the company's laboratories, where she has full access to the company's testing equipment. She works under their direction and maintains regular office hours. What is her status?
Independent contractor under common law
Independent contractor under the reasonable basis test
Employee
A retired safety inspector for the company was rehired as a consultant when the company expanded its plant operations. The retired employee was a natural choice. The tasks he undertook as a consultant were the same as the ones he performed before retirement. Paid monthly, he has agreed to work under the direction of his old boss until the new plant facilities are fully operational. What is his status?
Independent contractor under reasonable basis test
A receptionist has agreed to work afternoons at the company until they can find a full-time replacement. What is the receptionist's status?
Which of the following workers is an independent contractor?
A temporary receptionist from an agency
A lawyer hired on a project-by-project basis, with the company providing secretarial service and office space for the lawyer
A lecturer who is paid a percentage of the money collected at fund raisers when he speaks on behalf of a nonprofit clinic
An outside salesperson who is paid by commission but guaranteed a minimum salary
What are exempt employees exempt from?
Minimum wage only
Overtime pay only
Minimum wage and overtime pay
Pay for time off
All of the following types of employees are classified as exempt from the FLSA's minimum wage and overtime requirements except:
Professional
Outside salesperson
Administrative
Computer repairman
A waitress is paid $2.25 per hour, and she received $225.00 in tips during the week. She works 40 hours per week. Which of the following is true?
Her employer is allowed to reduce her cash wage to no less than $2.13 per hour
Her base pay must be increased to $4.25 per hour after a 90-day training period
She must be paid $5.12 per hour by her employer
Her base salary must be raised to $3.00 per hour to comply with federal minimum wage requirements
What is the Federal minimum wage?
$6.00
$6.50
$7.25
$8.00
If a state sets the minimum wage at a rate greater than the federal minimum wage the state minimum wage must be paid to workers in that state.
A nonexempt employee works in a state with a minimum wage of $7.35 per hour, while living in a state with a minimum wage of $8.05. What is the minimum rate he must be paid?
$7.25 per hour
$7.35 per hour
$8.05 per hour
There is non minimum wage because the employee is exempt
Tips can be counted toward the employee's minimum wage.
An employee works 40 hours per week as a fry cook. During the week, she substitutes for one for one of the waitresses and reports $5.00 per week in tips. Can her employer pay her $2.13 per hour?
Yes
No
Employers who provide paid vacation leave must count the hours of paid time off when determining if the employee must receive an overtime premium when the total hours worked in a week exceed 40.
A nonexempt employee works the night shift (midnight to 8:00 a.m.) and works 45 hours during the week. Under the FLSA, what must his employer pay him?
Time and one-half for working Christmas
The federal minimum wage
Shift differential pay
The FLSA requires that time worked on Saturday be paid at overtime rates and time worked on Sunday be paid at double time rates.
If a state wage ad hour law requires that a nonexempt employee be paid an overtime premium when the employee works more than 8 hours in a day and the employee works the following schedule, how many overtime hours must the employee be paid? Sun: 5, Mon: 7, Tues: 6, Wed: 8, Thurs: 10, Fri: 8, Sat: 6
0
2
10
14
Last week a high school teacher spent 40 hours in the classroom, worked 10 hours grading papers and was required to put in another 8 hours on Saturday at the school-sponsored science fair. Under the FLSA, what overtime hours, if any, must the teacher be paid?
Time and one-half for 0 hours
Time and one-half for 8 hours
Time and one-half for 10 hours
Time and one-half for 18 hours
When must overtime be paid?
Each week
With the next payroll
As soon as practically possible
A nonexempt employee working at a hospital can work more than 40 hours in a week and not be paid overtime.
An employer pays semimonthly on the 15th and last day of each month. Their workweek is Sunday through Saturday. Memorial day is May 31. A nonexempt employee worked the following hours. How many hours of overtime, if any, did the employee work during this pay period?
0 hours
4 hours
10 hours
16 hours
During Thanksgiving week, a nonexempt employee was paid for the following hours. How many hours, if any, of overtime did the employee work?
12 hours
All of the following types of compensation are included in calculating an employee's regular rate of pay for overtime purposes except:
Shift premiums of $50 for working the night shift
Production bonus of $15
4 hours paid but not worked
4% cost-of-living adjustment
What type of pay is included in the regular rate of pay calculation?
Discretionary bonuses
Paid sick leave
Paid vacation leave
Production bonuses
All of the following types of payments are included in the regular rate of pay calculation except:
A production bonus to be paid in June which the employer announced in January
An agreement with the union to pay one-half of one week's salary to workers with over five years of service
A traditional $50 gift certificate which the firm has paid for the past five years during the holiday season
Shift differential for working the 4 p.m. to midnight shift
An employee worked for 30 hours on his regular shift at $10.00 per hour and 16 hours on the late-night shift at $12.00 per hour. In addition, he earned a production bonus of $50.00. What is his total weekly compensation
All of the following are reasons payroll keeps records except:
Compliance with laws
Demonstrate accuracy of paychecks
Demonstrate security of payroll
Periodic reporting
An employer maintains the following information in their employee master file: Hire date Termination date Payment date Regular rate of pay Additions/Deductions from pay Frequency of payment Name two other records that must be kept in order to calculate overtime pay
An employer maintains their employee master file in computer files. Which of the following statements is true?
Under federal law, they are required to keep a backup copy of these records
Employment records must be kept for seven years
There is no federal requirement to update the data monthly
All of the following types of records can be combined with payroll data in an integrated system except:
Personnel
Benefits
Purchasing
Human Resources
How long must you retain each of the following records in your files? -Proof of tax deposit -Form I- -Copies of your quarterly tax return -Wage and hour record -Employee time card -Canceled check -Name/address/occupation of each employe -Work time schedule -Form W- -Total wages and tip -Overtime informatio -Log of inquiries on the jo
How long should employers keep payroll records beyond legal requirements?
2 years
3 years
4 years
As long as the company needs the records
The amount of federal income tax that is withheld from an employee's regular wages is determined by a formula that uses all of the following items except:
Employee's taxable wages
Pay period
A flat rate
Marital status
When does an employee first complete Form W-4?
When first hired
When they need to have federal income tax withheld
When the employee is married
When the employee is divorced
When must an employee amend their Form W-4?
After receiving a pay increase
After receiving overtime pay
After becoming divorced
After their spouse quits working
Which of the following events would require an employee to fill our an amended Form W-4 within 10 days of its occurrence?
Employee becomes legally separated from his or her spouse who was claimed as an allowance
Employee's spouse quits job to stay home with a new baby
Death of spouse
Adoption of a child
An employee was recently married. The employer pays on the 15th and last day of the month. On June 10th, the employee submitted a revised Form W-4, changing his marital status and number of allowances from one to four. When must you change the amount of his withholding?
On his June 15th paycheck
On his June 30th paycheck
On his July 15th paycheck
On his July 31st paycheck
An employee is married with one child. His beginning salary is $1,000 semimonthly. Because of an unexpected business trip, the employee fails to submit Form W-4 by his first payday. What withholding status must the employer use for his first paycheck?
Single, no allowances
Single, 3 allowances
Married, no allowances
Married, 3 allowances
Under what conditions can an employee claim exemption from withholding on the Form W-4?
Receiving overtime pay
Had no tax liability last year and expects no tax liability this year
Anticipates receiving a bonus
An employee takes her first job
A full time student works a few hours each week as a receptionist. She is claimed as a dependent on her parents' tax return. Last year, she paid no income tax. This year, her anticipated total income is less than $500 and she expects to receive no unearned income. Which of the following statements is true?
She can claim to be exempt from withholding
Once she files an exempt Form W-4, it stays in effect until a new Form W-4 is submitted
She is not exempt because she is a dependent
She is not exempt because she has no unearned income
All employees must complete a new Form W-4 each year
The personnel of the payroll department must assist employees in determining their marital status and number of allowances for Form W-4.
An employee claims exempt from withholding on his Form W-4. To continue the exempt status for the next year, a new Form W-4:
must be filed by December 31st
must be filed by February 15th of the following year
is not necessary
is illegal unless the employee has more than 10 allowances
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