Questions and Answers of Payroll Accounting 2023

Teagan is the payroll accountant for Penn & Associates Investments. The company decided on December 15, 2022, that it would invoke the special accounting rule. By what date does Teagan need to
To which two months does the special accounting rule pertain?a. January and Februaryb. November and Decemberc. The last two months of the company’s fiscal yeard. December and January of the
What factors affect how much federal income tax is withheld from an employee’s pay using Form W-4? W-4 Department of the Treasury Internal Revenue Service Form Step
How do post-tax deductions differ from pre-tax deductions?
Compute the net pay for Eve Khan and Marn Hart. Assume that they are paid a $2,500 salary biweekly, subject to federal income tax (use the wagebracket method) in Appendix C and FICA taxes, and have
What are the forms of identification that establish identity for the I-9 for employees over the age of 25?1. State-issued driver’s license2. U.S. passport3. School record4. Certified copy of the
Complete the W-4 for employment at Plexivent Plastics starting 9/6/2022. The employer’s address is 1 Plastics Way, Lincoln Valley, ND 58430, and EIN is 56-4658631.Henry Walker Pierce2024 Denhoff
Match the following items with their definitions:USERRAa. A provision of the Sarbanes–Oxley Act.b. Instituted a tiered income tax on workers.c. Prohibited employment of individuals younger than 16
Rupert Pelliere is completing the I-9 for his new employment with the state of New Mexico. Which of the following provides proof of his identity?1. Social Security card2. Certificate of birth abroad,
Complete the W-4 for employment starting 5/23/2022 at Martel Semiconductors, located at 2445 Manchester Road, Lakehurst, NJ 08733,EIN of 26-4684136.Terence A. Noren221 First StreetLakehurst, NJ
Complete the I-9 for employment at Plexivent Plastics starting 9/6/2022. The employer’s address is 1 Plastics Way, Lincoln Valley, ND 58430, and the EIN is 56-4658631. Henry is starting work on
Derek Allen is the payroll supervisor for Caposis Freight. His company is preparing to merge with another distribution company that has a different pay cycle. The president of the company wants to
Laverne Watkins is a candidate for the position of marketing manager with the promotions department of Paramba Productions, earning $10.25 per hour. She will work occasional overtime in her new
How can a company protect itself from cybersecurity breaches?
Rex Marshall manages a ski resort with year-round and seasonal employees. Assuming that the ski resort engages in interstate commerce, which are the FLSA requirement(s) that Rex should consider?1.
Why are independent contractors not paid through a company’s payroll system?
Anders worked the following schedule: Monday, 7 hours 42 minutes; Tuesday, 8 hours 23 minutes; Wednesday, 9 hours 28 minutes; Thursday, 8 hours 12 minutes; Friday, 8 hours 6 minutes. The employer
Explain some of the differences in termination and resignation pay regulations.
What are the differences among daily, weekly, biweekly, semimonthly, and monthly pay periods?
What challenges does a company face when using cloud based payroll and personnel records?
A minimum wage worker in Oklahoma is contemplating moving to a state with a more favorable minimum wage. Which of the following states should be chosen?1. Texas2. Arkansas3. Louisiana4. New Mexico
Many states offer incentives to hire disabled individuals. When doing so, the employer must receive a specific waiver allowing them to pay sub-minimum wage. This can be a great outreach for the
Using a search engine such as Google, Yahoo, or Bing, search “commission-based pay.” Sites such as the Society for Human Resource Management (www.shrm.com) have many articles about
The first day of work for Prevosti Farms and Sugarhouse for all employees is February 1, 2022. February 4 is the end of the first pay period and includes work completed during the week of February
A minimum wage worker in Nevada is contemplating a move to another state. Which of the following states would be the most favorable in terms of the highest minimum wage?1. Idaho2. California3. Utah4.
Solvegi is a salaried exempt employee at Big State College with a contract that stipulates 35 hours per week at $57,000 per year. Solvegi is married, filing jointly, with two dependents under 17. The
Brian worked the following schedule: Monday, 9 hours; Tuesday, 7 hours 30 minutes; Wednesday, 8 hours 48 minutes; Thursday, 8 hours 25 minutes; Friday, 8 hours. The employer pays overtime for all
Which one of the following workers are covered by FLSA provisions?1. Factory manager for an international company2. Part-time babysitter earning $1,000 annually3. Professional chauffeur earning
Bobi is a salaried exempt employee at Coric Industries. Bobi is married filing jointly with two dependents under 17. The contract stipulates a 40-hour work week at $47,500 per year. During the week
Go to www.accountingtools.com/podcasts and look for payroll-related podcasts. Once you have listened to one or more podcasts, what do you feel was the most interesting information you learned?
FLSA provisions always cover certain types of businesses. Which of the following businesses are always covered by FLSA?1. Fruit stands selling only locally obtained goods that conduct no interstate
Soeur is a tipped employee at Wild Waves in Maine. What is the minimum tipped wage for the area, assuming receipt of tips in excess of $30 per pay period?1. $9.35/hour2. $2.13/hour3. $6.38/hour4.
Egon completed 1,750 pieces on the 2,000-piece contract. There is a bonus earned if the individual exceeds 115 percent of the piece contract. How many more pieces must Egon complete in the remainder
Want to learn more about the concepts in this chapter? Check outwww.dol.gov/whd/minwage/america.htmwww.flsa.com/coverage.htmlhttp://webapps.dol.gov/elaws/otcalculator.htm
Cinzia is a shared employee that works in the accounting department and has been trained to work at the front desk in times of need. During one weekly pay period, Cinzia was asked to work at the
What is the minimum tipped wage for a tipped employee in Washington, DC?1. $2.13/hour2. $3.25/hour3. $4.75/hour4. $5.05/hour
Lann works for Talbert Electronics. As a shared employee, Lann works in the manufacturing department and has been trained to work the sales counter when needed. During this period Lann was asked to
Busby is a waiter at a diner in Vermont. Busby earns the tipped minimum wage. During a 40-hour workweek in February 2022, how much must Busby earn in tips to satisfy the minimum wage requirement
Would you like to watch a video to learn more about FLSA treatment of minimum wage, hours worked, and overtime? Check out the following links:Topic 2: Minimum WageTopic 4: Hours WorkedTopic 5:
A server at the Seven Wonders Restaurant in Honolulu, Hawaii, receives the tipped minimum wage. During a 40-hour workweek, how much must be earned in tips to meet the minimum wage requirement?1.
Austin is an interior designer of Only Qex Designs. Austin is paid based on the number and complexity of the customer designs generated. What pay basis most accurately describes this compensation?1.
Dionne earns $15.30 per hour at Jolly Creamery. Compute the pay under both the hundredth-hour and quarter-hour systems. The company is considering switching from a quarter-hour method to a
Marcell submitted a pay card reflecting the following hours worked at Kicy, Inc. Marcell earns $16.02 per hour. The company pays overtime only on hours worked exceeding 40 per week. The company is
An employee of HyroSports is compensated based on sales of store products to customers. Which type of pay best represents this basis?1. Piece rate2. Hourly3. Commission4. Salary
Complete the I-9 for employment starting 5/23/2022 at Martel Semiconductors, located at 2445 Manchester Road, Lakehurst, NJ 08733, EIN of 26-4684136. Be sure to complete Section 2 of Form I-9.Terence
Judy Baker is a new employee of Farnsdel and Babcock, LLP. Which of the following will provide proof of employment authorization for the completion of the I-9?1. U.S. passport2. U.S. military
What are the forms of identification that establish employment authorization for the I-9?1. Driver’s license2. Native American tribal document3. Voter registration card4. Social Security card
Jane McCarthy is preparing to compute employee pay and needs to determine the amount of employee federal income taxes to be withheld. Which of the following should she consult?1. USCIS I-92. IRS
Twinte Cars, a California corporation, has internal corporate requirements that stipulate a three-year payroll document retention period. It enters into a contract with an international company that
Ginger Klein is the payroll clerk for Neolane Transportation. A colleague who is classified as an independent contractor requests to be classified as an employee. What factors should Ginger
Francesca Aldri started as a payroll accountant at Sticktoit Adhesives, a company with 100 employees. She soon notices that the former payroll accountant had been processing payroll manually and
Gerardo Rogers is conducting a review of the payroll files for each employee at Meejo Games. Which of the following items must be present in the file?1. Basis upon which compensation is paid2.
Maria Rupert is the payroll supervisor at All Family Investments. Management is requesting to have the investment salespeople, who are paid on an hourly basis, be classified as exempt employees
Jacqueline Blue is a payroll clerk at Quaking Aspens Antiques. As she reviews employee files, what information should be present for each employee?1. Spouse’s name2. Pay rate3. Occupation4.
How would you distinguish between exempt and nonexempt workers?
Adriana Alvarez is a new payroll clerk for Remm Plumbing. She is curious about the purpose of the different steps in the payroll review process and asks you, her supervisor, for guidance. What would
Juliana Oliveria needs additional filing space at the end of the year in the company’s office and chooses to use off-site, secured storage. Upon arriving at the storage facility, she discovers that
Aaron Tallchief is a citizen of the Northern Pomo Indian Nation. In completing his I-9, he provides an official Northern Pomo Indian Nation birth certificate to establish identification and
Alfonso Silva needs additional filing space at the end of the year in the company’s off-site, secured storage. He sees several boxes of payroll records marked for the current year’s destruction.
Pedro Arturo wants to start his own company and hire employees. Because you are a seasoned payroll professional, he approaches you for guidance about the differences between exempt and nonexempt
Elijah Brown is a new payroll accountant at Zata Imports, a company with 250 employees. He has completed entering all time card data for the pay period. What should Elijah’s next step in the
Charlene Kelley is a new nonexempt sales associate for Oyondo Retail Stores. She completes her time card for the pay period. To ensure proper internal control, what is the next step in the payroll
When must a terminated employee be paid his or her final paycheck for the state in which you live?
The Massachusetts Institute of Technology (MIT) has created a website with a living wage calculator. This tool is designed to help people compute the wages they need to earn in order to achieve their
Abraham Manning is a new employee of Symity Batteries. He is curious about the purpose of the requirements for new-hire documentation to be forwarded to government agencies. What should you tell him?
Leonard Andrews ended his employment with Atlas Inks on March 21, 2022. When is the earliest that Atlas Inks may destroy his payroll records?1. March 22, 20222. March 22, 20243. March 22, 20254.
Leona Figueroa is a new employee in the payroll department of Octolium Computers. After working at the company for one week, she asks you why it is so important to submit new-hire documentation. What
Wilbur Matthews, a resident of Texas, resigned from his employment with Grand Lake Cattle Farms on October 7, 2022. The next pay date for the company is October 14. By what date should he receive his
Want to know more about some of the concepts discussed in this chapter? Check outwww.uscis.govwww.irs.gov/businesseswww.archives.gov/federal-register/cfr/subject-title-26.htmlwww.ironmountain.com
Ahanu Coahoma is a member of the Algonquin Indian Nation and is a new employee at Pactco Game Designs. During the process of completing his I-9, he claims that the only way to prove her identity is
On June 21, 2022, Dolores Goodman was terminated from her job at Black Diamond Sports in New Hampshire. Black Diamond Sports pays its employees biweekly on Fridays, and the next payday is 7/8/2022.
Lila Rivera is a new employee for De Terra Glass. Which federal forms must be completed as part of the hiring process? (Select all that apply.)1. W-42. W-23. SS-84. I-9
Go to www.irs.gov and search for IRS e-file security. List the facts that the IRS cites about why e-filing is secure. What about these practices makes the customer’s information secure? How could
Roland Wexler was terminated for cause from Santel Auto Parts in North Carolina on July 20, 2022. As of the date of his termination, he had worked 22 hours of regular time. Employees at Santel Auto
Micha Volkov is a salaried employee earning $49,850 annually. Micha is paid twice per month. Which of the following best describes the pay frequency?1. Biweekly2. Semimonthly3. Weekly4. Monthly
Using a search engine such as Google, Yahoo, or Bing, search the Internet for the term “new-hire packet contents.” Compile a list of the different new-hire packet items that you find in at least
Kabe Oni is a part-time worker for Senior Solvers who uses company equipment in the performance of the job duties. Kabe asks the payroll supervisor, Ikino Karn, to grant independent contractor
Lillian Weatherby receives her pay every other week while working for the federal government. Which of the following choices describes her pay frequency?1. Biweekly2. Semimonthly3. Weekly4. Monthly
The Lilly Ledbetter Fair Pay Act of 2009 centered on a case in which Ms. Ledbetter discovered documents that revealed discrimination against her that resulted in unequal pay practices. The company
When Omnimia Graphics was looking to implement a payroll accounting system, the manufacturing firm had several options. With only 40 employees, the manual preparation of payroll through spreadsheets
Tasha Webb is an independent contractor for Antimbu Exports, where you are the payroll accountant. She feels that she should receive employee benefits because of the number of hours that she
Howard Walters, a nonexempt employee of Consolidated Utilities, works a standard 10:00 a.m. to 7:00 p.m. schedule with an hour for lunch. Howard works in California, a state that requires overtime
Reuben Walker is a vice president of sales at Fields Brothers Autos and earns an annual salary of $59,000. What is Reuben’s period pay for each of the following pay frequencies?1. Biweekly2.
Kira Tran, a nonexempt employee at Refurbished Woods, works a standard 7:00 a.m.–4:00 p.m. schedule with an hour for lunch each day. Kira received overtime pay for hours in excess of 40 per week.
What are the necessary elements of internal control for a payroll department?
What did ARPA and TCDRA do to the CARES Act?
What are the differences between ARPA and TCDRA?
Match the following items with their definitions:Tax Cuts and Jobs Acta. A provision of the Sarbanes–Oxley Act.b. Instituted a tiered income tax on workers.c. Prohibited employment of individuals
How does the Equal Pay Act of 1963 differ from the Lilly Ledbetter Fair Pay Act of 2009?
What distinguishes a “living wage” from the minimum wage?
Match the following items with their definitions:IRCAa. A provision of the Sarbanes–Oxley Act.b. Instituted a tiered income tax on workers.c. Prohibited employment of individuals younger than 16
Match the following items with their definitions:Personal Responsibility, Work and Family Promotion Act of 2002a. A provision of the Sarbanes–Oxley Act.b. Instituted a tiered income tax on
Match the following terms with their definitions:Consolidated Appropriations Acta. A preloaded credit card is used to pay employees.b. The process of gathering information about hours worked for one
What are two of the challenges that arise from the use of outsourced payroll systems?
Match the following terms with their definitions:Davis–Bacon Acta. A preloaded credit card is used to pay employees.b. The process of gathering information about hours worked for one or more
What was the purpose of the SECURE Act?
Match the following items with their definitions:Independent contractora. A provision of the Sarbanes–Oxley Act.b. Instituted a tiered income tax on workers.c. Prohibited employment of individuals
Match the following terms with their definitions:Time collectiona. A preloaded credit card is used to pay employees.b. The process of gathering information about hours worked for one or more
What are two of the differences between the completion of the I-9 and the use of E-Verify systems?
Match the following items with their definitions:Walsh–Healey Public Contracts Acta. A provision of the Sarbanes–Oxley Act.b. Instituted a tiered income tax on workers.c. Prohibited employment of

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