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Question # 11

Which of the following would never be delegated to a manger's subordinates?

Options:

A.  

Accountability

B.  

Responsibility

C.  

Authority

D.  

All of the above

Discussion 0
Question # 12

Which of the following generally is excluded when computing the workers' compensation insurance premium?

Options:

A.  

Premium overtime pay

B.  

Shift pay

C.  

Bonuses

D.  

Vacation pay

Discussion 0
Question # 13

With regard to employee's reported tips, the employer must:

Options:

A.  

report tips as wages on Form W-2 and pay the employer portions of social security and Medicare taxes

B.  

report taxes on tips separately when making an employment tax deposit

C.  

report and pay the employer portion of social security and Medicare taxes on the portion of cash tips above the federal minimum wage

D.  

withholds and pays only the employees' portion of social security and Medicare taxes on tips

Discussion 0
Question # 14

The term used to describe the breaking away from traditional theories and perceptions is:

Options:

A.  

Paradigm shift

B.  

Cognitive deviation

C.  

Pygmalion effect

D.  

Doctrinaire approach

Discussion 0
Question # 15

Documenting payroll policies and procedures will provide all of the following results EXCEPT:

Options:

A.  

a mechanism for educating payroll partners, suppliers, and customers

B.  

assurances of payroll personnel competency and performance

C.  

a tool for assessing internal business controls

D.  

a vehicle for improving processes

Discussion 0
Question # 16

How may federal income tax be withheld from separation pay and accrued vacation wages totaling $20,000 that are paid at the time of termination and identified separately on the employees' pay stub, if the employee has been paid $25,000 so far this year and had income tax withheld from her most recent wage payment?

Options:

A.  

at the optional flat rate for all payouts at termination only

B.  

using the aggregated method only

C.  

at the optional flat rate or using the aggregate method

D.  

using the prior 12 months' tax rate

Discussion 0
Question # 17

One of the key concepts in total quality management is:

Options:

A.  

Management by "walking around"

B.  

Employees are willing to accept responsibility

C.  

Focus on customer satisfaction

D.  

Frequent inspection of every phase of a production cycle

Discussion 0
Question # 18

What document reflects the value of the assets of a corporation?

Options:

A.  

Balance sheet

B.  

Variance analysis

C.  

Income statement

D.  

Profit/loss statement

Discussion 0
Question # 19

Which of the following items determines the disposition of unclaimed wages?

Options:

A.  

federal law only

B.  

federal and state law

C.  

no recognized procedures exist

D.  

state law only

Discussion 0
Question # 20

An advantage of client/server technology for payroll is:

Options:

A.  

Maintenance fees from the vendor are eliminated

B.  

Fewer programmers are required to maintain the payroll

C.  

Time required to balance a payroll is reduced.

D.  

Programs and database need not be stored on the mainframe

Discussion 0
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