Accounting Chapter 1 An exception to the protection that the Age

subject Type Homework Help
subject Pages 10
subject Words 3257
subject Authors Bernard J. Bieg, Judith A. Toland

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page-pf1
Chapter 1
True / False
1. The Fair Labor Standards Act is commonly known as the Federal Wage and Hour Law.
a.
True
b.
False
2. The FLSA imposes no recordkeeping requirements on employers.
a.
True
b.
False
3. The employer is required by the FLSA to display a poster that informs employees of the provisions of the law.
a.
True
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Chapter 1
b.
False
4. All states have set their minimum wage to be the same as the federal government.
a.
True
b.
False
5. Under the Federal Insurance Contributions Act, the Medicare portion of the tax is only paid by the employer.
a.
True
b.
False
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6. The FLSA provides health insurance for the aged and disabled (Medicare).
a.
True
b.
False
7. The tax paid to the federal government for unemployment taxes is used for paying state and federal administrative
expenses of the unemployment program.
a.
True
b.
False
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8. The Self-Employment Contributions Act imposes a tax on the net earnings from self-employment derived by an
individual from any trade or business.
a.
True
b.
False
9. Each state imposes an income tax on employees that is 2 percent of gross wages.
a.
True
b.
False
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10. Only six states do not impose a state unemployment tax on employers in their state.
a.
True
b.
False
11. One of the provisions of coverage of the Civil Rights Act is that the employer must have 15 or more workers.
a.
True
b.
False
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12. Title VII of the Civil Rights Act protects all employees from arbitrary dismissal.
a.
True
b.
False
13. By the use of executive orders, the federal government has banned discrimination in employment on government
contracts.
a.
True
b.
False
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14. Employers not subject to Title VII coverage may come within the scope of the Civil Rights Act by reason of a contract
or subcontract involving federal funds.
a.
True
b.
False
15. Under the Civil Rights Act of 1964, the U.S. government is classified as an exempt employer.
a.
True
b.
False
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Chapter 1
16. An exception to the protection that the Age Discrimination in Employment Act provides for all workers over 40
involves executives who are 65 or older and who have held high policy-making positions during the two-year period prior
to retirement.
a.
True
b.
False
17. Under the Federal Personal Responsibility and Work Opportunity Reconciliation Act, every employer is required to
report the name, address, and social security number of each new employee to the appropriate state agency.
a.
True
b.
False
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18. Form I-9 must be completed by each new hire.
a.
True
b.
False
19. Employers are now required to photocopy new employees’ Form I-9 documents.
a.
True
b.
False
20. In order for the Walsh-Healey Public Contracts Act to protect laborers for contractors who furnish materials to any
agency of the United States, the contract amount must be at least $10,000.
a.
True
b.
False
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Chapter 1
21. Under FMLA, the time off must be used in one uninterrupted period of time.
a.
True
b.
False
22. Under the Family and Medical Leave Act, employers can exempt an employee who has not worked for the employer
for at least one year and has worked for the company for at least 1,250 hours in the last year.
a.
True
b.
False
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23. FUTA was designed to ensure that workers who are covered by pension plans receive benefits from those plans.
a.
True
b.
False
24. Under ERISA, vesting conveys to employees the right to share in a retirement fund in the event they are terminated
before the normal retirement age.
a.
True
b.
False
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25. If an investigative consumer report is being issued, the applicant must be given a written notice that the information
obtained will be used in the employment decision.
a.
True
b.
False
26. ERISA provides for full vesting of the employer’s contributions in three years or gradually over six.
a.
True
b.
False
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27. Under the Affordable Care Act, employers with 50 or more full-time employees during the previous year are required
to provide health insurance coverage for all full-time employees.
a.
True
b.
False
28. The Affordable Care Act does not make a distinction between large and small employers.
a.
True
b.
False
29. The total cost of workers’ compensation insurance is borne by the employees.
a.
True
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Chapter 1
b.
False
30. Workers’ compensation insurance premiums for employers vary according to the different degrees of danger in
various classes of jobs and the employers’ accident experience rate.
a.
True
b.
False
31. Only one state has passed a law to provide disability benefits to employees absent from their jobs due to illness,
accident, or disease not arising out of their employment.
a.
True
b.
False
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32. The requisition for personnel form is sent to the Payroll Department so that the new employee can be properly added
to the payroll.
a.
True
b.
False
33. Employment application forms are usually discarded when the applicant is hired.
a.
True
b.
False
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34. Questions pertaining to religion, gender, national origin, or age are allowed on application forms when these are bona
fide occupational qualifications for a job.
a.
True
b.
False
35. Asking applicants for their arrest records is illegal.
a.
True
b.
False

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