Payroll Accounting Jeanette Landin 5th Edition – Test Bank
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Edition: 7th Edition
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Resource Type: Test Bank
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Payroll Accounting Jeanette Landin 5th Edition – Test Bank
Payroll Accounting 2019, 5e (Landin)
Chapter 2 Payroll System Procedures
1) The two focuses of payroll procedures are company needs and governmental rules.
Answer: TRUE
Difficulty: 1 Easy
Topic: Identify Important Payroll Procedures and Pay Cycles
Learning Objective: 02-01 Identify Important Payroll Procedures and Pay Cycles
Bloom’s: Understand
AACSB: Analytical Thinking
Accessibility: Keyboard Navigation
2) Employers may choose to omit the employees’ Social Security numbers in their employee files.
Answer: FALSE
Explanation: Social Security numbers must be included in all employee files.
Difficulty: 1 Easy
Topic: Identify Important Payroll Procedures and Pay Cycles
Learning Objective: 02-01 Identify Important Payroll Procedures and Pay Cycles
Bloom’s: Understand
AACSB: Analytical Thinking
Accessibility: Keyboard Navigation
3) Semimonthly payroll involves a pay cycle in which pay disbursements occur every two weeks.
Answer: FALSE
Explanation: Semimonthly payroll disbursements occur twice per month.
Difficulty: 1 Easy
Topic: Identify Important Payroll Procedures and Pay Cycles
Learning Objective: 02-01 Identify Important Payroll Procedures and Pay Cycles
Bloom’s: Apply
AACSB: Analytical Thinking
Accessibility: Keyboard Navigation
4) Newly hired employees must be reported to governmental officials within 20 days of starting work for an employer.
Answer: TRUE
Difficulty: 1 Easy
Topic: Prepare Required Employee Documentation
Learning Objective: 02-02 Prepare Required Employee Documentation
Bloom’s: Understand
AACSB: Communication
Accessibility: Keyboard Navigation
5) Foreign workers in the United States are subject to new hire reporting regulations.
Answer: TRUE
Difficulty: 2 Medium
Topic: Prepare Required Employee Documentation
Learning Objective: 02-02 Prepare Required Employee Documentation
Bloom’s: Apply
AACSB: Diversity
Accessibility: Keyboard Navigation
6) A worker who sells life insurance on a full-time basis is considered a statutory employee.
Answer: TRUE
Difficulty: 1 Easy
Topic: Prepare Required Employee Documentation
Learning Objective: 02-02 Prepare Required Employee Documentation
Bloom’s: Apply
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
7) U.S. workers in foreign subsidiaries are exempt from all income taxes.
Answer: FALSE
Explanation: Under FATCA, U.S. workers in foreign subsidiaries are only tax-exempt on the first $101,300 of annual income (2016 figure).
Difficulty: 2 Medium
Topic: Prepare Required Employee Documentation
Learning Objective: 02-02 Prepare Required Employee Documentation
Bloom’s: Apply
AACSB: Diversity
Accessibility: Keyboard Navigation
8) Pay rate is the first payroll system decision a company must make.
Answer: FALSE
Explanation: The first payroll system decision is the pay frequency.
Difficulty: 2 Medium
Topic: Identify Important Payroll Procedures and Pay Cycles
Learning Objective: 02-01 Identify Important Payroll Procedures and Pay Cycles
Bloom’s: Apply
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
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