Chapter 1-Payroll – Flashcards
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The business operation that is almost completely governed by state, federal and local laws?
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The Payroll system
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The American Payroll Association?
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offers membership to anyone interested in Payroll
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The Fair Labor Standards Act deals with?
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The minimum wage
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The Federal Insurance Contributions Act (FICA)?
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mandates a tax on both employees and employers
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The Americans with Disabilities Act
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prohibits discrimination against qualified people who are disabled
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The immigration reform and control act of 1986.
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prohibits employers from hiring aliens unauthorized to work in the United States.
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The law requiring a minimum wage be set by the Secretary of Labor
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Davis-Bacon Act of 1931
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The Employment Retirement Income Security Act of 1974
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was designed to ensure employees covered by pension plans receive their vested benefits.
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Workers Compensation
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provides benefits to employees' medical bills
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Before the payroll Department is able to select and notify a successful candidate that he/she has been hired the must
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The human resource department examines applications and interview qualified applicants
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Job descriptions are prepared in order to
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protect a company from discrimination charges in hiring practices
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An Employee History Record
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is used to record the relationship between an employer and an employee
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An "at-will" employee
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can be terminated for any nondiscriminatory reason
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Outsourcing payroll
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may be an affordable option for small businesses
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What is a small employer?
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employers with fewer than 50 full-time equivalent employees with average annual wages of less than $50,000
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What is a applicable large employers?
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employers with 50 or more full-time employees during the previous year.
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What are fair employment practices?
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laws that deal with discrimination on the basis of age, race, color, religion, gender, or national origin as a condition of employment.
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What is an executive order?
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regulations issued by the federal government that ban, in employment on government contracts, discrimination based on race, color, religion, sex, or national origin
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What is Form I-9, Employment Eligibility Verification?
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form that lists the documents an employee must furnish to the employer; they identify the employee and, if an alien, verify authorization to work in the United States
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What is vesting?
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the process of conveying to employees the right to share in a retirement fund in the event they are terminated before the normal retirement age.
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What are disability benefits?
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payments to employees who are absent from their jobs because of illness, accident, or disease not arising out of their employment.
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What is the human resources system?
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those procedures and methods related to recruiting selecting, orienting, training, and terminating personnel.
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What is requisition for personnel?
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document submitted by a department head to the Human Resources Department asking for additional or replacement employees.
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What is an application form?
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personnel record which gives the applicant an opportunity to provide complete information as to personal qualifications, training, and experience.
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What are pre-hire inquiries?
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questions asked in the employment interview and on application forms, resumes of experience or education required of an applicant, and any kind of written testing.
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What is a reference inquiry form?
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document used by the employer to investigate the references given on the application blank by the job applicant
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What is an investigative consumer report?
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study done by a consumer reporting agency on a job applicant or current employee concerning the individual's character, general reputation, and mode of living
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What is a hiring notice?
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form that is sent to the Payroll Department so that new employees are properly added to the payroll.
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What is a change in payroll rate form?
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document that notifies the proper departments of a change in the employee's rate of remuneration.
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What is the payroll accounting system?
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those procedures and methods related to the disbursement of pay to employees
